Whether sitting fee, travelling allowances, etc., are payable to director for being present in board meeting which was adjourned for want of quorum

Whether sitting fee, travelling allowances, etc., are payable to director for being present in board meeting which was adjourned for want of quorum https://www.taxtmi.com/circulars?id=10806 Section 309(2) allows payment of meeting remuneration where a director "attends" a board or committee meeting. "Attend" means being present to participate in proceedings, not contingent on the meeting actually proceeding. If a director is present but the meeting is adjourned for want of quorum or cannot proceed for reasons outside the director's control, that presence counts as attendance and entitles the director to sitting fees and travelling allowances. en-us Wed, 02 Feb 1972 00:00:00 +0530 Fri, 17 Jun 2011 11:35:00 +0530 TaxTMI RSS Generator Whether sitting fee, travelling allowances, etc., are payable to director for being present in board meeting which was adjourned for want of quorum https://www.taxtmi.com/circulars?id=10806 Section 309(2) allows payment of meeting remuneration where a director "attends" a board or committee meeting. "Attend" means being present to participate in proceedings, not contingent on the meeting actually proceeding. If a director is present but the meeting is adjourned for want of quorum or cannot proceed for reasons outside the director's control, that presence counts as attendance and entitles the director to sitting fees and travelling allowances. Circulars Companies Law Wed, 02 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10806