Q.As prescribed under the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the sitting fee payable to a director for attending a meeting of the Board or of a Committee thereof shall not exceed:

The Board has discretion to fix a director's sitting fee, but that discretion operates within a statutory ceiling per meeting, not without limit.

Under Section 197(5) of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a director may be paid a sitting fee, as decided by the Board, for attending a meeting of the Board or of a Committee, subject to a prescribed ceiling of Rs. 1,00,000 per meeting.

Option-by-option analysis:

• (a) Rs. 25,000 is below the actual prescribed ceiling — incorrect. …