Directors leave

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2015 IF A DIRECTOR OUT OF 2 OF AN INDIAN COMPANY , GOES OUT OF INDIA FOR HIGHER STUDY FOR NEXT 3 YEARS, THEN WHAT ARE THE LEGAL FORMALITIES NEEDED TO BE DONE SO THAT THE WORKING OF THE COMPANY MAY NOT BE AFFECTED AS PER THE COMPANIES ACT, AND INCOME TAX ACT.

Ankur Garg

Ankur Garg (Expert)
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20 July 2015 As per my advice you have to appoint another director to avoid administrative inconvenience.

Most of the company work performed by board meeting and for holding a valid board meeting 2 director should be present. So appoint a new director.

Thanks