Dear Colleagues,
Is it necessary to pass a board resolution for payment of salary to a director of private company. The director is on the payroll of the Company and he is executive director. According to my opinion the sections relating to managerial remuneration are applicable to public companies and private companies. So there is no need to pass a resolution for payment of salary to executive director of private company.
Dear Members
Can you please elaborate the process and provisions of "Passing of Resolution by Circulation" wrt to Companies Act, 2013?
circulation
resolution
passing
