202C
In forceSpecial rule for single director/single shareholder proprietary companies
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2DOfficers and employees
Part 2D.3Appointment, remuneration and cessation of appointment of directors
Division 2Remuneration of directors
202C Special rule for single director/single shareholder proprietary companies
A person who is the only director and the only shareholder of a proprietary company is to be paid any remuneration for being a director that the company determines by resolution. The company may also pay the director’s travelling and other expenses properly incurred by the director in connection with the company’s business.
This Act’s bill:Explanatory memorandumSecond reading speech
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