Sitting fess for board meetings
DALPAT R GOYAL (Job) (51 Points)
15 February 2017DALPAT R GOYAL (Job) (51 Points)
15 February 2017
Ashish Ku Pradhan
(CS Trainee)
(55 Points)
Replied 15 February 2017
for Sitting fee
Section 197 (5) provides "A director may receive remuneration by way of fee for attending meetings of the Board or Committee thereof or for any other purpose whatsoever as may be decided by the Board"
As per Company (Appointment and remuneration of managerial personnel) Rule 2014 provides that
Sitting fee is not mandatory for the company to pay for the Meeting.
Ashish Ku Pradhan
(CS Trainee)
(55 Points)
Replied 15 February 2017
On the matter of CEO
As there is no restrictive provision in the Company Act 2013 & Rules CEO as a director is eligible for Sitting fees.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)