Sitting fee to Invitees

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Company Secretary

23 Points Posted on 23 March 2009

Hi All,

Pls tell, whether sitting fee can be paid to an invitee of the Board/ committe meeting who is not a director / member of committe meeting?

Yes or no, pls quote relevant law.

Replies (2)

Company Secretary and Compliance Officer

75761 Points Posted on 24 March 2009

Dear Neeraj,

You can pay some remuneration, professional charges etc not SITTING FEE in technical sanse.

As per legal interpretation of Company Act, 1956 Sitting Fee meant of non-executive directors only.

Onter Views invited.

Company Secretary

23 Points Posted on 24 March 2009

Thanks Ankur...

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