SECTION 314(1)(b)

Hi Priyanka,

Special resolution needs to be passed in the present case as only the employees -relatives already in office before the director becomes director are covered by exemption u/s 314(1A).

The case has been answered by dept. also.U can refer "A Ramaiya's Book volume 2 page no.3071 for the same.

Yes, I agree with here.

yes, law requires to get approval of members in form of special resolution u/s.314  (1) (b). exception is appointment u/s408 by the Central Government.