23 June 2009
If you go by the language of section 191 it says where a resolution is passes at an adjourned meeting of board the resolution shall be deemed to have been passed on the date on which it was in fact passed.
By the language above we may interpret that a meeting continues till the date of adjournment and conclude when all the agenda items transacted at adjourned meeting.
23 June 2009
Thanks but here issue is not about passing of resolution, but the issue is about the interpretation of statue / law, wherein I want to know the date from which 15 months time period starts i.e. original meeting or adjourned meeting.
CAclubindia
