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Independent Director may be paid remuneration by way of: A. Sitting fees B. Stock option C.…

Under sections 149(9) and 197(7) of the Companies Act, 2013 an independent director may receive sitting fees and a profit-related commission approved by the members, but is…

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Independent Director may be paid remuneration by way of:
A. Sitting fees
B. Stock option
C. Profit-related commission approved by the members
D. Share in fixed assets of the company

Select one answer
Answer and explanation

Correct answer A

Under sections 149(9) and 197(7) of the Companies Act, 2013 an independent director may receive sitting fees and a profit-related commission approved by the members, but is not entitled to any stock option, and a share in the company's fixed assets is not a form of remuneration. Hence the answer is "A, C only".

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