Corporate law

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 February 2011 Can Executive Director be paid any sitting fees in case of Private Company?
And also let me know, If member of the Board is not designated as a Director,then sitting fees is payable to him?

15 February 2011 The definition of the term 'Director' as provided under the Companies Act, 1956 includes a person occupying the position of a Director by whatever name called. Hence, in my opinion, even if a person is not designated as a Director of the Company but performs the functions and duties as that of a Director, he can be paid sitting fees for attending the Board Meeting.

God Bless

CS Udit Sharma

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 February 2011 Thank you very much Udit.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details