https://www.taxtmi.com/caselaws?id=101210 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. en-us Thu, 18 Jul 1985 00:00:00 +0530 Wed, 08 Feb 2012 18:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101210 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. Case-Laws Companies Law Thu, 18 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101210