Director's remuneration
Querist : Anonymous
I have a company my wife and me are share holder and director. Now I want to increase both directors' remuneration. How can I pass this in a director as both are interested to this resolution. Please help me
There are total two sections in the Act which restricts Interested parties to vote [section 184(2) and second proviso of Section 188(1)]
But pursuant to Notification dated 05th June, 2015, exemptions are given to Private Companies. And if you can see, both above mentioned provisions are exempted to Pvt Companies.
I hope this clarifies.
Querist : Anonymous
You can refer Section 197. It is applicable only to Public Companies.
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