Limit on Sitting fees amount
A company may pay a sitting fee to a director for attending meetings of the Board or committees thereof, such sum as may be decided by the Board of directors thereof which shall not exceed Rs. 1 lakh per meeting of the Board or committee thereof.
Relevant provisions from the Companies Act & Rules:
(1) Sub-section (5) of the Section 197 of the Companies Act, 2013.
(2) Rule 4 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.