ABC a Pvt Company having four shareholders and all are Directors .All the dIrectors are related to each other
Director A - MD is related to Director B (WTD) getting remuneration
Director C - WTD is related to Director D (WTD)
Director A (MD) and C (WTD) are not related to each other
They all are paid remuneration which is above the limites specified under section 314 and the rules thereof .
In this case will the company be required to take CG's approval or not ?
All of them are getting remuneration only and not anything over and above remuneration . WIll they be treatred as holding place of profit .?
CAclubindia
