Waiver of Sitting Fees

[Shailesh Goyal]

Hi all

Can a director of listed (DSE) public ltd. company waive off his
partly sitting fee for which he is eligible as per Articles of
Association of the Company?

If so, pls tell me whether simple waiver letter from director would be
sufficient for this purpose? I'll appreciate if someone could provide
me format of waiver letter too.

Regards
Shailesh Goyal

[Jayashree Chandrasekaran]

Yes, a Director can waive his dues of sitting fees...it can be a simple letter which can be acknowledged in the minutes of the Board

 

To

Board of Directors

XYZ Ltd

Chennai

 

Dear Sirs,

Sub:Waiver of sitting fees

I hereby waive my claims of my eligible sitting fees for attending the Board Meeting due to (personal reasons or financial inabilitily of the company)

Please take on record the same and oblige

 

 

Director

 

Regards

Jayashree

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C.JAYASHREE

PARTNER

S.GANESH&ASSOCIATES

CHENNAI

98840 17120

[shailesh goyal]

thanks a lot mam...

Regards
Shailesh Goyal