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Managerial remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2013 Would reimbursement of EMI of car loan to NED constitute remuneration u/s 198 or 309 of The Companies Act
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Ajay Mishra

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Ajay Mishra (Expert)
27 September 2013 You can not pay any money other than sitting fee to its non executive directors.


Check your company's articles on it.
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Ankur Garg

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Ankur Garg (Expert)
27 September 2013 Yes.

This payment will be considered as remuneration to NED.
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