Sitting fee to directors and shareholders
This query is : Resolved
14 September 2024
In private limited company, is it possible to provide allowance to shareholders and directors for board meeting sitting fee. Is there any limit for that
17 September 2024
Sitting fees not allowed for shareholders.
With respect to payment of sitting fees Companies Act, 2013 states the that maximum sitting fee that can be paid to non-executive directors is Rs 100,000 per meeting. Meetings here include all types of committee meetings wherein non-executive directors are comprised of.
With respect to payment of sitting fees Companies Act, 2013 states the that maximum sitting fee that can be paid to non-executive directors is Rs 100,000 per meeting. Meetings here include all types of committee meetings wherein non-executive directors are comprised of.
17 September 2024
Is it possible to provide any other allowance to shareholders
17 September 2024
No allowances can be paid to shareholders.
Only dividend can be paid.
Only dividend can be paid.
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