What are the provisions relating to sitting fees paid to directors for attending board meetings. Is there any min max limit. Whether Board is authorize to pay or members approval required.
C.S. CHANDANI SARUPARIA (COMPANY SECRETARY) (556 Points)
31 May 2014What are the provisions relating to sitting fees paid to directors for attending board meetings. Is there any min max limit. Whether Board is authorize to pay or members approval required.
C.S. CHANDANI SARUPARIA
(COMPANY SECRETARY)
(556 Points)
Replied 02 June 2014
Can we do it by passing a board resolutrion?
akanksha
(CA Final Student)
(325 Points)
Replied 02 June 2014
yes you can mention the same in the board resolution of the particular board meeting
C.S. CHANDANI SARUPARIA
(COMPANY SECRETARY)
(556 Points)
Replied 02 June 2014
Thanx. can anyone plz forward the draft format of the resolution for sitting fee paid to dir. Thnx in advance.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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