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        Companies Law

        1985 (7) TMI 291 - HC - Companies Law

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        Interpretation of Companies Act Section 309(7) Renewal Upheld The High Court of Madras upheld the interpretation of section 309(7) of the Companies Act, stating that renewal within five years is not prohibited. The ...
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                              Interpretation of Companies Act Section 309(7) Renewal Upheld

                              The High Court of Madras upheld the interpretation of section 309(7) of the Companies Act, stating that renewal within five years is not prohibited. The appeal was dismissed as the resolution increasing remuneration was made more than one year after the original resolution came into force.


                              The High Court of Madras upheld the interpretation of section 309(7) of the Companies Act, stating that renewal within five years is not prohibited. The appeal was dismissed as the resolution increasing remuneration was made more than one year after the original resolution came into force.
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