a pvt. company has 3 directors and out of them one director remuneration is getting fixed in BM.
but one is in favour and another is in against the resolution
majority of shares are held by favouring and intrested director.
what powers can be excersised by the director to pass the resoultion ?
can EGM be called up?
if yes can intrested partner vote in EGM
Notification dt. 5th June, 2015 provides expemption to pvt. cos. from sec.184 (2). Therefore interested director can participate after disclosure of his interest.
Regards
Hemant
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