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

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....etter : No. 2/32/63‑PR, dated 20‑9‑1963. Subject:- Whether board's resolution fixing directors' fee could be considered as contract in which directors are interested Query : The ar....

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.... 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 provisions of section 300(1) would not be attrac....