Sitting Fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2010
Can the company pay sitting fee within the limit of Rs. 20000/Rs.10000 to its chairman even if he could not be present in a Board Meeting? Is it required to be mentioned in the minutes of Board Meeting approving sitting fees?
03 December 2010
sitting fees is paid for attending Board/Commitee meeting as approved within the limit prescribed. If Director is absent, you can't pay sitting fees.
07 December 2010
Agree
Sitting fee can be paid only if the director / chairman is present in the meeting.
Sitting fee can be paid only if the director / chairman is present in the meeting.
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