Hi everybody,
Are governing body members of a Society registered under Societies Act entitled to Sitting Fees as in Companies Act, 2013?
If So,
- what is the Cap per meeting, whether governing Body meeting or committee meeting ?
- will this be counted as remuneration to the governing body member? In the NGO, the governing body members have agreed to work for no remuneration. Moreover, if siting fees is counted as remuneration, there may conflict with Service Conduct Rules as many of these people are otherwise employed.
Regards,
Geetha