How the Remuneration of Directors be paid ?
The remuneration payable to the directors of a company, including any managing or whole-time director, shall be determined, in accordance the provisions given below either by the articles of the company, or by a resolution ( special resolution if the articles so require ), passed by the company in general meeting and the remuneration payable to any such director determined as per the said provisions shall be inclusive of the remuneration payable to such director for services rendered by him in any other capacity. However, any remuneration for services will not be so included if the services are of a professional nature and in the opinion of the Central Government, the director possesses the requisite qualifications. A director may receive remuneration by way of fees for attending each meeting of the Board or of any committee thereof ( Sitting Fees ). A director who is in whole time employment of the company or a managing director may be paid remuneration either by way of a monthly paym
