It is understood that for payment of remuneration to a Director in a Private Limited Company, there are no restrictions or ceilings provided also that there are no restrictions in the Articles of Association. Internally, remuneration to a Director has to be approved in a General Meeting or extraordinary meeting of the members of the Company.
Is there any requirement under the Companies Act 1956 that
a) such business should be called Special Business or Ordinary Business and such resolution should be Ordinary or Special?
b) copy of the resolution,so passed in the EGM, has to be lodged with MCA or RoC?
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