How remuneration is approved to Directors? Is Board resolution is sufficient to pass monthly remuneration within limit of Act?
Priyanka T (CS) (489 Points)
19 March 2019How remuneration is approved to Directors? Is Board resolution is sufficient to pass monthly remuneration within limit of Act?
CS Vasudev Sharma
(Service)
(392 Points)
Replied 19 March 2019
In case of Private Limited Company it is ok to pass the Board Resolution. But in case of Public Limited Company approval from member is required.
Priyanka T
(CS)
(489 Points)
Replied 19 March 2019
Ya but first BM monthly remuneration in BM then limit fixation in GM...is that ok
Nitin P. Dhole
(5 Points)
Replied 19 March 2019
Hello,
Can a CFO and a Proposed Director eligible for Sitting Fees of a board meeting?
Nitin
Priya Kashyap
(Student)
(7048 Points)
Replied 19 March 2019
CS Vasudev Sharma
(Service)
(392 Points)
Replied 20 March 2019
No You can not provide sitting fees to the CFO and proposed director. tell them to raise invoice under professional services.
Priyanka T
(CS)
(489 Points)
Replied 20 March 2019
| Originally posted by : Nitin P. Dhole | ||
 |
Hello,
|
 |
Sitting fees is given to the Directors not the CFO .They are already getting remuneration for it. Moreover, giving salary to a proposed director is also not a good practice under corporate law
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