Studyhatch Forum -Company Law

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What is known as director Sitting fees?
Solution

? A Director may receive remuneration by way of fee for attending meetings of the board or committee ? Amount of sitting fees payable to a director for attending meetings of the Board or committees to be a maximum of Rs.1 lakh per meeting of the Board or committee ? Board may decide different sitting fee payable to independent and non?independent directors other than whole?time directors

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