3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 01 April 2018
Yes. Sitting fee is in addition to remuneration
Jatin Bajaj
(CS)
(2930 Points)
Replied 02 April 2018
Yes as per the provisionsof Companies Act 2013, sitting fees can be payable in addition to the remuneration to Directors as per the limits specified in section 197. But sitting fees payable to directors shall not exceed Rupees one Lakh per meeting.And Sitting fees payable to Independent Directors shall not be less than the other Directors
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