Revision of Directors' Remuneration

All companies. Revision of remuneration to Non-Executive Directors and Independent Directors (sitting fees and commission) requires Board approval, on recommendation of NRC where applicable.

Every seat on your board comes with its own paperwork. Section 197(5) governs exactly how this plays out. In real terms: sitting fee for Board/Committee meetings: capped at ₹1 lakh per meeting (Board fixes exact amount within this ceiling). This is exactly the kind of resolution Fi CTC Generator was built to make effortless.