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Jayanta Bandyopadhyay   30 May 2024

Unlisted public ltd co-director salary

In a family owned Business. -- unlisted public limited company. All directors are drawing salary as well as profit. How to pass resolution,  as all are related parties.



Quick Summary
This discussion addresses how directors in a family-owned, unlisted public limited company can receive both salary and profit. It explains that such decisions can be made during a board of directors meeting. The key is to pass a resolution that complies with the company's Articles of Association, ensuring an amicable agreement among all related parties.

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     31 May 2024

This can be decided in a board of directors meeting by passing a resolution to this effect considering the guidelines of the articles of association.

Dr. J C Vashista (Advocate )     31 May 2024

Decide amicably and pass necessary resolution.


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