Moneycontrol PRO

you are here: HomeNewsBusinessCompaniesGovt to do away with sitting fee for directors

SHOW NAMES

Trending Topics

business

Govt to do away with sitting fee for directors

The Ministry of Corporate Affairs (MCA) has decided to do away with the concept of sitting fee in the Companies Bill. Once the Bill is passed there will be a quarterly cap on the remuneration of independent directors subject to a maximum amount and the whole time director's pay will be linked to net profits on an annual basis.

first published: Mar 25, 2011 05:14 pm

LATEST VIDEOS

A collection of the most-viewed Moneycontrol videos.

Watch and Follow our leading shows

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347