Retainer fee to Director
This query is : Resolved
13 July 2010
Can Director be paid a monthly retainer fee for advisory services rendered
13 July 2010
yES,
If Director has professional qualification and practising it and services rendered by him in a professional capacity, then COMPANY can pay retainer ship fee as consulancy service. It will be covered u/s 194J.
If Director has professional qualification and practising it and services rendered by him in a professional capacity, then COMPANY can pay retainer ship fee as consulancy service. It will be covered u/s 194J.
13 July 2010
YES
But the same would be considered in remuneration limits mentioned in section 309(3) and (4) if you are a public company.
However in case of a private company section 309 not applicable.
Regards
But the same would be considered in remuneration limits mentioned in section 309(3) and (4) if you are a public company.
However in case of a private company section 309 not applicable.
Regards
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