Director remuneration tied to services: payment allowed only when directors perform specific services beyond board meetings. Director remuneration by way of monthly payment or a specified percentage is permissible only where there is a correlation of remuneration to services rendered; companies must satisfy government authorities that directors perform specific services for the company beyond merely attending board meetings.
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.
Director remuneration tied to services: payment allowed only when directors perform specific services beyond board meetings.
Director remuneration by way of monthly payment or a specified percentage is permissible only where there is a correlation of remuneration to services rendered; companies must satisfy government authorities that directors perform specific services for the company beyond merely attending board meetings.
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