Sitting Fees - Adjourned meeting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2010
Whether sitting fees is to be paid to the directors for attending adjourned meeting in addition to the fees paid earlier?
Ajay Mishra
(Expert)
26 October 2010
Hi
Yes he will also be paid for adjourn meeting.
Section 309(2) provides that a director may receive remuneration by way of fee for each meeting of the Board of Directors or committee thereof attended by him. The emphasis is on “attending” the meeting and not on actual holding of meeting.
Regards
Yes he will also be paid for adjourn meeting.
Section 309(2) provides that a director may receive remuneration by way of fee for each meeting of the Board of Directors or committee thereof attended by him. The emphasis is on “attending” the meeting and not on actual holding of meeting.
Regards
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CA Amit Joshi
(Expert)
26 October 2010
I am not agree with Ajay Ji.
As per a case law adjourned meeting is continuation of original meeting, So no additional remuneration can be paid for it.
As per a case law adjourned meeting is continuation of original meeting, So no additional remuneration can be paid for it.
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