As the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 stood in 2026, what is the maximum sitting fee a company may pay a director for each board or committee meeting…
Question and options
As the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 stood in 2026, what is the maximum sitting fee a company may pay a director for each board or committee meeting under rule 4?
₹20,000
₹50,000
₹1 lakh
₹2 lakh
Answer and explanation
Rule 4 of the 2014 Rules, read with section 197(5) of the Companies Act, 2013, lets the board fix the sitting fee for a board or committee meeting at a sum not exceeding ₹1 lakh per meeting. For independent and women directors the fee may not be less than that paid to other directors.
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