Sitting fees limits distinguish large companies from others, prescribing higher and lower statutory maxima for meetings. Rule 10B prescribes ceilings on remuneration by way of fee for each Board or committee meeting, differentiating companies that meet specified paid-up capital/free reserve or turnover thresholds (subject to a higher sitting-fee ceiling) from other companies (subject to a lower sitting-fee ceiling).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Sitting fees limits distinguish large companies from others, prescribing higher and lower statutory maxima for meetings.
Rule 10B prescribes ceilings on remuneration by way of fee for each Board or committee meeting, differentiating companies that meet specified paid-up capital/free reserve or turnover thresholds (subject to a higher sitting-fee ceiling) from other companies (subject to a lower sitting-fee ceiling).
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