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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.

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.



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