https://www.taxtmi.com/circulars?id=10457 Companies need not seek Central Government approval to pay commission to Non-Whole Time Directors where the aggregate commission does not exceed one percent of net profit if the company has a Whole Time Director or Managing Director, or three percent of net profit where it has no Managing Director or Whole Time Director; such commission may be paid in addition to the sitting fee. en-us Fri, 04 Mar 2011 00:00:00 +0530 Tue, 14 Jun 2011 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10457 Companies need not seek Central Government approval to pay commission to Non-Whole Time Directors where the aggregate commission does not exceed one percent of net profit if the company has a Whole Time Director or Managing Director, or three percent of net profit where it has no Managing Director or Whole Time Director; such commission may be paid in addition to the sitting fee. Circulars Companies Law Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10457