Amendment in Companies (Central Government's) General Rules and Forms (Third Amendment) Rules, 2003. Substitution of rule 10B of Companies (Central Government’s) General Rules and Forms, 1956 - G.S.R. 580(E) - Companies Law
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Board meeting sitting fee caps set, with higher cap for companies meeting financial thresholds and lower cap for others. Substitution of rule 10-B under Section 310 prescribes maximum sitting fees for directors attending board or committee meetings, establishing a two-tier cap: a higher maximum for companies meeting specified financial thresholds (based on paid-up share capital combined with free reserves or by turnover) and a lower maximum for other companies; the amendment is part of the Companies (Central Government's) General Rules and Forms (Third Amendment) Rules, 2003 and comes into force on publication in the Official Gazette.
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Board meeting sitting fee caps set, with higher cap for companies meeting financial thresholds and lower cap for others.
Substitution of rule 10-B under Section 310 prescribes maximum sitting fees for directors attending board or committee meetings, establishing a two-tier cap: a higher maximum for companies meeting specified financial thresholds (based on paid-up share capital combined with free reserves or by turnover) and a lower maximum for other companies; the amendment is part of the Companies (Central Government's) General Rules and Forms (Third Amendment) Rules, 2003 and comes into force on publication in the Official Gazette.
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