remuneration vto non executive director

Yes as per the provisions of Section 197 of the Companies Act 2013, the Company can pay remuneration to non - executive Director of the Company which shall not exceed 3% of the net profit of the Company if the Company is not having any managing aor whole time director and 1 % in any other case.

Provided if the services rendered by the non executive director are of professional in nature then the limits of remuneration definded under section 197 shall not apply.

Further sitting fees payable to nonnexecutive director shall not exceed from sitting fees payable to other director