https://www.taxtmi.com/caselaws?id=98499 Directors of a private company governed by Table A under the Indian Companies Act, 1913 could not claim remuneration or allowances without authorisation by the company in general meeting. The articles, read with Table A, left management to the board but reserved directors' remuneration to shareholder approval, and no such resolution had been passed. The commencement of the Companies Act, 1956 did not displace this requirement for an existing company, because the saving provision preserved the earlier Table A regime and the board could not exercise powers reserved to the company in general meeting. Claims framed as salary or expenses were treated as remuneration claims in substance and rejected. en-us Sat, 21 Oct 1967 00:00:00 +0530 Fri, 20 Jan 2012 18:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98499 Directors of a private company governed by Table A under the Indian Companies Act, 1913 could not claim remuneration or allowances without authorisation by the company in general meeting. The articles, read with Table A, left management to the board but reserved directors' remuneration to shareholder approval, and no such resolution had been passed. The commencement of the Companies Act, 1956 did not displace this requirement for an existing company, because the saving provision preserved the earlier Table A regime and the board could not exercise powers reserved to the company in general meeting. Claims framed as salary or expenses were treated as remuneration claims in substance and rejected. Case-Laws Companies Law Sat, 21 Oct 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98499