To All,
I am in need of special resolution for remuneration to ordinary director in a private company
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Special Resolution
Replies (1)
Dear Friend,
Kindly appreciate strict provisions relating to managerial remuneration are not applicable to a private company and there is no need to pass any special resolution for that purpose. Simple noting in board meeting is enough. You may pay any remuneration to a director of private company subject to the provisions of Article.
Best Regards
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