(i) Pro-tem Secretary (ii) Sitting Fees
Explain the following Terms/Concepts.
(i) Pro-tem Secretary
(ii) Sitting Fees
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(i) The first secretary appointed by the promoters of the company is termed as Pro-tem Secretary. He may or may not be appointed as a regular secretary by the Board.
(ii) Fees paid to the director for attending Board or Committee meeting is called as Sitting fees. It may extend up to Rs. one lakh also.
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