Related party transaction
This query is : Resolved
sushil kaudinya
(Querist)
04 December 2014
If a private company has only Husband and wife as Directors as well as shareholders then we can not appoint their son as a CEO of the company as the Board is not able to pass the resolution (lack of disinterested quorum but can we appoint him as an executive Director on the Board and pay him remuneration for that?
04 December 2014
the ans is yes it is permitted to do so.
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