Apni Law Staff asked 2 years ago
I was appointed as a Whole Time Director, alongside my role as CEO. The company resolution confirming my 5-year appointment as Director, including a monthly allowance, was provided. After six months, I resigned from the Director position. Later, I also resigned as CEO. Can I still claim the additional remuneration promised for my time as Director, on top of my CEO salary? Is this a valid case for seeking recovery of the committed Director’s remuneration?
Best Answer
Apni Law Staff answered 2 years ago
You are likely entitled to the Director’s allowance for the six months you served as a Director, even after resigning from that position. The company resolution confirming your appointment and remuneration serves as a binding contract, and you are entitled to payment for the time you fulfilled the duties of the position. However, it’s recommended to consult with a legal professional to confirm the specific terms of the resolution and your claim.
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