Whether board’s resolution fixing directors’ fee could be considered as contract in which directors are interested

Whether board’s resolution fixing directors’ fee could be considered as contract in which directors are interested https://www.taxtmi.com/circulars?id=10729 A board resolution fixing or increasing directors' fees is subject to approval by the company in general meeting under section 309(1); therefore the board's resolution is not treated as a final contract or arrangement in which directors are interested for the purposes of section 300(1). en-us Fri, 20 Sep 1963 00:00:00 +0530 Thu, 16 Jun 2011 15:52:00 +0530 TaxTMI RSS Generator Whether board’s resolution fixing directors’ fee could be considered as contract in which directors are interested https://www.taxtmi.com/circulars?id=10729 A board resolution fixing or increasing directors' fees is subject to approval by the company in general meeting under section 309(1); therefore the board's resolution is not treated as a final contract or arrangement in which directors are interested for the purposes of section 300(1). Circulars Companies Law Fri, 20 Sep 1963 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10729