What is the maximum amount of sitting fees that can be paid to a director for a board meeting of a govt listed company having a paid capital of aprrox 1150crores. Plz reply its urgent
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director sitting fees
Replies (3)
Please see your company's article and the minutes of Board earlier passed for sitting fee.
Regards
As per Section 310 first proviso limits on sitting fees are as under:-
a) for company having paid up + free reserve exceeding Rs. 10 Crore or turnover exceed 50 Crore the n sitting fees rs. 20,000/-
b) Other companies - Rs. 10,000/-
As the Section does not exclude govt. company hence i presume it aplies on govt co. also.
Regards
CS Ankit SInha
9289793061
Agree CS Ankit SInha and view your company Articels
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