How can a Private limited company start paying out director sitting fees ,what are the compliance's to be followed?
Sai Prabhu Narayanan (Articled assitant ) (161 Points)
22 July 2019How can a Private limited company start paying out director sitting fees ,what are the compliance's to be followed?
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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