DIrector remuneration
This query is : Resolved
Subhashchandra
(Querist)
24 December 2010
Whether the reimbursement of expenses incurred by the director in attending meetings shall be considered for the limits of managerial remuneration.
I belienve that they shall not be considered. please guide me...
I belienve that they shall not be considered. please guide me...
CA Manikandan.A.V
(Expert)
24 December 2010
In my opinion you are right.
24 December 2010
ye they shall not be considered
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24 December 2010
Also refer >> https://www.caclubindia.com/share_files/tds-rate-chart-fy-2010-11-ay-2011-12--26034.asp >> https://www.caclubindia.com/share_files/files_download.asp?files_id=33659 <<<
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Ajay Mishra
(Expert)
24 December 2010
Hi
Section 309(2) provides that a director may receive remuneration by way of fee for each meeting of the Board of Directors.
In view of the above, sitting fee, travelling allowance, etc, are payable to directors who was present at the meeting of the Board, (Circular No. 1/72 dated 2nd February, 1972).
Regards
Section 309(2) provides that a director may receive remuneration by way of fee for each meeting of the Board of Directors.
In view of the above, sitting fee, travelling allowance, etc, are payable to directors who was present at the meeting of the Board, (Circular No. 1/72 dated 2nd February, 1972).
Regards
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