Profit or loss, independent directors of companies must get paid: MCA

Government has created a way to compensate non-executive or independent directors of companies, which are loss-making or have inadequate profits.
 
The corporate affairs ministry issued a notification late on Thursday, which limits the remuneration that a non-executive director can be given depending upon the effective capital of the company.
 
Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss.
 
While these limits have been