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Consultancy fees to Managing Director

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03 September 2024 Can a Managing director of a listed company (who is already drawing remuneration under Section 197 of Companies Act, 2013) can draw professional consultancy fees from a UK based Company in which he is the only Director and Shareholder?
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
03 September 2024 basically you need to check his appointment clause. MD is also an employee of company so if he is doing another activity then such should not fall under conflict of interest clause of company where he is md
this is my personal view
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