Sitting fees payable to director
This query is : Resolved
CS Mitesh Mehta
(Querist)
12 October 2009
Dear All,
My Query is;
If a director of holding company is appointed as a representative director in Subisidiary. And Director is paid a sitting fees in subsidiary company.
whether director is entitled for that sitting fees or Holding company to whom he is representing?
please answer my query.
My Query is;
If a director of holding company is appointed as a representative director in Subisidiary. And Director is paid a sitting fees in subsidiary company.
whether director is entitled for that sitting fees or Holding company to whom he is representing?
please answer my query.
Ankur Garg
(Expert)
12 October 2009
Hi,
As per my understanding sitting fee is not a part of managerial remuneration. Refer section 198(2) read with 309(2).
In your case director is entitled to sitting fee.
Regards
As per my understanding sitting fee is not a part of managerial remuneration. Refer section 198(2) read with 309(2).
In your case director is entitled to sitting fee.
Regards
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