Sitting fees for board meeting

Sitting fess is paid to Ordineary Director i.e other than Whole time director and Managing Directer of the company. 

Case- I-  Where Paid up capital and Free reserve is Rs. 10 Cr.----------Rs. 20000(Per Director ) Max.

Case- II- in other case Max- Rs. 10000. may be paid. 

Refered section 309 of Compnaies Act 1956.

The same has been increased to Rs. 1 lakh per meeting by section 197 (5) of the Companies Act, 2013.

As per Case - I - If the turnover of The Company is Rs 50 Crores or More then also Company have to pay Rs. 20000 (Max) and Other companies shall pay sitting fees not exceeding the sum of ten thousand rupees.

Payment of sitting fees is not mandatory on the company.

If nothing is defined in the AOA then company does not require to be paid ...hoever if company wants to pay then they require to first inclusion of provision in the AOA then accordingly then can pay the same.

Thanks All,

1,So no sitting fees is payable to Wholetime working directors??

2,Sitting fees can be paid and treat as salary and deduct TDS?? 

3,If Last year Sitting fees not paid ,can we pay this year??

Pls clarify.