Director sitting fees

Sai Prabhu Narayanan (Articled assitant ) (161 Points)

22 July 2019

How can a Private limited company start paying out director sitting fees ,what are the compliance's to be followed?

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4 Replies

CS M Pota (Company Secreatary) (3186 Points)
Replied 22 July 2019

Call Board meeting and decide amount of sitting fees to be paid.

CS M Pota (Company Secreatary) (3186 Points)
Replied 22 July 2019

The amount of sitting fees should be within the prescribed limit.

Sai Prabhu Narayanan (Articled assitant ) (161 Points)
Replied 22 July 2019

Do we need to pass an ordinary resolution ?

CS M Pota (Company Secreatary) (3186 Points)
Replied 23 July 2019

If the Board is to decide only Board Resolution is required to be passed.

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