Setting fee to director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2014
Can any company pay setting fee upto Rs 1 lakh to its director
22 August 2014
Yes. As per section 197(5) of the Companies Act 2013. Check AOA of the Company. it should contain the provisions relating to sitting fees
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