Company has Three Directors-cum-Three Shareholders.
Two Foreign Directors (each holding 5,000 and 4,999 shares) and
One Resident Director (holding 1 share only).
One Foreign Director holding 5,000 Shares, Resident Director holding 1 Share personally attended the AGM on 30/09/2014.
Query
Please confirm, whether the AGM convened on 30/09/2014 with two Shareholders personally present is valid or not, as their shareholding is 5,000 Shares and 1 Share respectively.
Note: Proxy for another Foreign Director, whose holding is 4,999 Shares.
Your reply, please..............
Thanks in advance for possible replies from all concerned.
CAclubindia
