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

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....20-9-1963 Circular<br>Companies Law<br>Letter : No. 2/32/63&#8209;PR, dated 20&#8209;9&#8209;1963. Subject:- Whether board's resolution fixing directors' fee could be considered as contract in whic....

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....rovisions of section 309(1), any resolution of the board in regard to the fixation of or increase in the directors' fees should be subject to the approval of the company in general meeting, and the pr....