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277 views • Question added Feb 26, 2015 • Corporate Law • By GAURAV JAIN , CA , LUDHIANA


REGARDING REMUNERATION TO NON-EXECUTIVE DIRECTOR

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GAURAV JAIN

26-Feb-2015 , 06:31:13 pm

query: Whether remuneration to non-executive director being director of unlisted public company does under purview of section 188. If not, whether other directors being relative of such non-executive director have to disclose their interest. If all directors are relative to each other, how they will make the proper quorum u/s 174. Is it mean that closely held companies can't increase the appoint or increase the remuneration without appointment of Independent Directors. Please clarify ??

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