Dear all,
I am faced with the following fact situation:
A and B are directors of a private company, XYZ.
A, B, and C (who is the brother of B) enter into employment contracts with XYZ under which, each one is given a designation and is entitled to a fixed remuneration.
Will the employment of A, B and C be affected by Section 314, i.e. do I need to get special resolution/ Central govt approval for A, B or C?