Remuneration of an Independent Director

Posted on 19-04-2016        By ADMIN

Remuneration of an Independent Director- Section 149(9)  

As per section 149 (9) of the Act an independent director shall not be entitled to any stock option. He may receive remuneration by way of sitting fee, reimbursement of expenses incurred for participation in the Board and other committee meetings and profit related commiss ion as may be approved by the members as provided under section 197 (5) of the Act. 

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