Appointment of md in private company

Max Payne (employed) (2569 Points)

26 September 2014  

Friends,

In a private company having only 2 directors (husband and wife), one of them is to be appointed as Whole time director and other is to be appointed as Managing Director.

 

Since both the directors have interest in the proposed resolutions, how can the board make the appointment?

Should the appointment be made at EGM?

 

Please advise what can be done when there is no quorum in such matters?