Sitting fee: board may fix per meeting remuneration; independent and women directors must receive no less than others. A company may pay a sitting fee to a director for attending Board or committee meetings in a sum decided by the Board, subject to the rule's per meeting monetary ceiling. For Independent Directors and Women Directors, the sitting fee shall not be less than the fee payable to other directors, ensuring parity in per meeting remuneration.
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 fee: board may fix per meeting remuneration; independent and women directors must receive no less than others.
A company may pay a sitting fee to a director for attending Board or committee meetings in a sum decided by the Board, subject to the rule's per meeting monetary ceiling. For Independent Directors and Women Directors, the sitting fee shall not be less than the fee payable to other directors, ensuring parity in per meeting remuneration.
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