Interested Director can't take part in voting
As per new companies act interested director can't take part in Voting.(Restiction applicable both for Public Compnay and private company). This cause great difficulty in practical senario. e.g . If there is two Directors in private company Mr.X and MRS. X, and they want to increase remuneration Mr X, now as per new companies act Mr x can't participate in Voting. How to Remove this difficulty?
In my opinion,
The remuneration can be fixed at AGM. The Shareholders can fix the remuneration and also the remuneration is governed by provisions in companies act.
Its just my opinion. Need a valid reason for it though.
Which all directors can be said as related? What companies act say about it?