How remuneration is approved to Directors? Is Board resolution is sufficient to pass monthly remuneration within limit of Act?
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Remuneration to director
Replies (9)
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.
Ya but first BM monthly remuneration in BM then limit fixation in GM...is that ok
YES !
Hello,
Can a CFO and a Proposed Director eligible for Sitting Fees of a board meeting?
Nitin
agree with CA vasudeva sir
pvt as the articles provides
pvt as the articles provides
No You can not provide sitting fees to the CFO and proposed director. tell them to raise invoice under professional services.
Thank you for this useful post.
| Originally posted by : Nitin P. Dhole | ||
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Hello,
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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
Many thanks sir
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