Dear all,
As per Companies act 2013, can we make payment to Director (other than MD/WTD) in the form of remuneration in a Private Limited Company?
Expert advise needed.
1 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 26 April 2014
You can pay sitting fee upto Rs.1 lac per Board/Committee meeting. [Ref. Rule 4 of Companies (Appointment & Remuneration of Managerial Personnel) Rules 2014.]
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