director sitting fees

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

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