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Quorum for board meeting/members meeting

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(Querist)
22 November 2011 PLEASE ADVISE FOR THE FOLOWWING:'-

THERE ARE TWO DIRECTORS IN PRIVATE LIMITED COMPANY. ONE HAS RESIGNED AND ANOTHER NEW DIRECTOR ADDITIONAL IS APPOINTED. CAN WE ACCEPT THE RESIGINATION IN THE SAME BOARD MEETING AND APPOINT THE ADDITIONAL DIRECTOR IN THE SAME MEETING.

NOW IF THERE ARE TWO DIRECTORS , ONE DIRECTOR HAS TO BE PAID REMUNERATION , WHETHER THE QUORUM IS PRESENT IF REMUNERATION IS TO BE PAID TO ONE DIRECTOR AND RESOLUTION TO BE PASSED , IF THE DIRECTOR IS SAME CHAIRMAN OF THE MEETING & RECEIVER OF THE REMUNERATION.
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
23 November 2011 1. Yes you can have both resolution in a single meeting in the following sequence:

First appoint the person as additional director after that pass a resolution taking note of the resignation of another director.

2. In case of increase in remuneration I would suggest you pass the resolution for remuneration in the general meeting with the permission of shareholders.

RG
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