section 197 (5) reads as " a director may receive remuneration by way of fees for attending meetings of the board or committee thereof or for any other purpose whatsoever as may be decided by the board".
In this, what can be the OTHER PURPOSE ...
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section 197 (5)
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Remuneration for working as whole time director or Managing Director. remuneration can also included commission for extending guarantee to bank for loan of the company.
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