Directors sitting fees
This query is : Resolved
20 November 2012
Hi,
Suppose Mr. A is a Director in a Company. Due to his inability to attend the Board Meeting, Mr. B is appointed as Alternate Director to Mr. A.
Now Mr. B attends a Board Meeting as alternate director to Mr. A.
Is Mr. B entitled to a cheque for sitting fees or Mr. A (who is the original director) entitled to the sitting fees??
Please answer my query.
Regards
Arijit
Suppose Mr. A is a Director in a Company. Due to his inability to attend the Board Meeting, Mr. B is appointed as Alternate Director to Mr. A.
Now Mr. B attends a Board Meeting as alternate director to Mr. A.
Is Mr. B entitled to a cheque for sitting fees or Mr. A (who is the original director) entitled to the sitting fees??
Please answer my query.
Regards
Arijit
Ajay Mishra
(Expert)
20 November 2012
Hi
Mr. B will be entitled to take sitting fee and reimbursement of all expenses made for attending the Board Meeting.
Mr. B will be entitled to take sitting fee and reimbursement of all expenses made for attending the Board Meeting.
CS Ankur Srivastava
(Expert)
21 November 2012
Sitting fee shall be given to the Alternate Director.
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