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If the Article of Association of any Company doesn't have any clause/ provision regarding the payment of sitting fees to the Directors of the Company, Can we pay sitting fees to the director without amending the Article of association? Or there is a need to Amend the AOA. Further could you please also let us know, which provision of Table A (old Act) and Table F (new Act) gives the reference w.r.t. the payment of sitting fees to the directors. We would really appreciate a quick reply to our query. Thanks

Section 197- Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.

Posted By: Pradeep chugh 9 year(s) ago

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Expert Ankit Singhi

Yes, company can pay sitting fees without amending its articles in pursuant to sec 197(5) and rule 4 of Companies (Appointment and remuneration of managerial personnel) Rules, 2014 of the Act

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