Remuneration cap for board meeting fees established by amendment; fee per director meeting now subject to statutory limit. The amendment substitutes rule 10B to provide that, for the purposes of the first proviso to the relevant statutory provision, the amount of remuneration by way of fee for each meeting of the Board of directors or a committee thereof shall not exceed the prescribed maximum.
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.
Remuneration cap for board meeting fees established by amendment; fee per director meeting now subject to statutory limit.
The amendment substitutes rule 10B to provide that, for the purposes of the first proviso to the relevant statutory provision, the amount of remuneration by way of fee for each meeting of the Board of directors or a committee thereof shall not exceed the prescribed maximum.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.