The director of my company is the manager to some other companies in abroad. Can i paid the directors remunaration to the company's name in which our director is working ? just he is the non - executive director. Is there any restriction by companies law or any other statutory
Menu
Director's Remunaration
Replies (4)
didnt get ur question
On what basis u will pay remuneration to non executive director.
he will get only sitting fees.
Mr A is the Director of ABC COMPANY.
Mr A is also the manager of XYZ COMPANY.
He is entitle to receive Director's fee for the sitting in the meeting.
Can ABC Company pay Director's fee to XYZ company ? As it is requested by Mr A to Pay the fees to XYZ Compaies.
sir, ABC Ltd. can pay sitting fees to Mr. A and not to XYZ ltd......as Mr. A is a director in his individual capacity and does not represent XYZ ltd. at the board of ABC Ltd.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
