Payment of commission to Non-Whole Time Directors of the company under section 309(4) (b) of the Companies Act, 1956.

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..... All Regional Directors All Registrar of Companies The Institute of Company Secretaries of India The Institute of Chartered Accountants of India The Institute of Cost and Works Accountants of India Subjects: Payment of commission to Non-Whole Time Directors of the company under section 309(4) (b) of the Companies Act, 1956. Companies are making applications to th .....

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..... ation by way of commission to its Non-Whole Time Director(s) in addition to the sitting fee if the total commission to be paid to all those Non-Whole Time Directors does nor exceed 1% of the net profit of the company if it has a Whole Time Director(s) or 3% of the net profit of the Company if does not have a managing Director pr Whole Time Director(s). L.K. Trivedi) Under Secretary - Cir .....

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