Sitting fee to NEDs
This query is : Resolved
12 June 2023
Can a company pass a back date Resolution to pay sitting fees to its Non Executive Directors?
Please guide on the matter.
Please guide on the matter.
12 June 2023
Company can pass a current date resolution authorising to pay sitting fees from earlier date.
13 June 2023
Thanks sir for providing the solution.
13 June 2023
You are welcome..
...
...
22 July 2023
Yes, the Company can pass the resolution as on the current date for the sitting fees paid to the Non-executive Director from retrospective effect under section 197 of the Companies Act 2013 read with Rule 4 of Companies (Appointment and Remuneration of Managerial Personnel) Rules
2014
Such sitting fees payable to Directors shall not exceed one Lakh rupees
2014
Such sitting fees payable to Directors shall not exceed one Lakh rupees
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