Amalgamation and Board Minutes.
This query is : Open
08 February 2011
Hi Everyone
My 1st Query
can members of the the Company have right to inspect the Board Minutes. Plz site the provisions.
My 2nd Query
can a company who is a party to a CLB petiton (against whom the petion has been filed) can be a member of amalgamation n enter amalgamation. what is the provision related to it.
can company change its name when such petition is still pending in CLB??
Please Guide me in this
Regards
Abhijit
Hi Everyone
My 1st Query
can members of the the Company have right to inspect the Board Minutes. Plz site the provisions.
My 2nd Query
can a company who is a party to a CLB petiton (against whom the petion has been filed) can be a member of amalgamation n enter amalgamation. what is the provision related to it.
can company change its name when such petition is still pending in CLB??
Please Guide me in this
Regards
Abhijit
10 February 2011
Answer to your first query -
The Compnaies Act contains no provision either specifically permitting or prohibiting inspection by/or supply of copies to the shareholders of a company of the minutes of the meetings of the Board.
The Department vide Letter No.8/15(169)/63-P.R., dated 11-2-63 has expressed its view that unless the articles of association provide to the contrary, a shareholder has no right of inspection or of obtaining copies of the minutes of its Board meetings.
The Compnaies Act contains no provision either specifically permitting or prohibiting inspection by/or supply of copies to the shareholders of a company of the minutes of the meetings of the Board.
The Department vide Letter No.8/15(169)/63-P.R., dated 11-2-63 has expressed its view that unless the articles of association provide to the contrary, a shareholder has no right of inspection or of obtaining copies of the minutes of its Board meetings.
10 February 2011
Thank u so much jayashree.. is da same thing applicable to private company as well? whr will i get the said notification????
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