Sitting Fees Part of Managerial Remuneration

No Sitting Fees is not a part of Managerial Remuneration. Refer section-198(2).

Originally posted by : Ankur Garg
	No Sitting Fees is not a part of Managerial Remuneration. Refer section-198(2).

 I think no sitting fees can be paid to executive directors i.e. to MD and WTD, sitting fees can only be paid to non-executive directors

As Executive directors are generally considered as drawing managerial remuneration from the company hence they are not entitled by law for payment of sitting fee.

However as per DCA if you want to pay sitting fee to the Executive directors like MD then you may pay but that would be counted for the purpose of calculating the overall managerial remuneration limit.

Thanks

Sitting fee paid to directors does not amount to their remuneration. new provisions in the Companies Act will come where indipendent director will be paid good amount of  sitting fee.