Sitting fee to directors

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What are the provisions relating to sitting fees paid to directors for attending board meetings. Is there any min max limit. Whether Board is authorize to pay or members approval required.

 

Replies (6)

https://www.mca.gov.in/Ministry/pdf/NCARules_Chapter13.pdf

Maxium sitting fees now 100000 as per companies Act 13

Can we do it by passing a board resolutrion?

yes you can mention the same in the board resolution of the particular board meeting

Thanx. can anyone plz forward the draft format of the resolution for sitting fee paid to dir. Thnx in advance.

just try dear..everything is available on google.... bus sirf try karne ki der hai.. anywz i will post it

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