Director’s remuneration by way of monthly payment or at a specified percentage - Companies Law - Letter : No. 2/8/64‑PR,

Letter : No. 2/8/64 ‑ PR, dated 23 ‑ 3 ‑ 1964. Subject: Director s remuneration by way of monthly payment or at a specified percentage Based on the wholesome rule of correlation of remuneration to services rendered, this is allowed only where the directors render some specific services for which some remuneration would be justified. A company must satisfy Government that in specific cases such directors render some specific services to the company beyond merely attending board meetings.