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sec 314

1166 views 1 replies

hi

friends

my question is

a orivate limited company increases remuneration payable to non executive directors by accounting entry on 31st day of march and according to sec 314 of the companies act special resolution will b e required

can it be done as

firstly board approves it in its meeting on 31.03 and then after that go for shareholders approval in EOM

reena

Replies (1)
THE TIME LIMIT FOR APPROVAL FOR SPECIAL RESOLUTION IS "EITHER IN THE GENERAL MEETING AFORESAID OR WITHIN THREE MONTHS FROM THE DATE OF APPOINTMENT, WHICH IS LATER U CAN DO SO


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