Additional director
This query is : Resolved
03 April 2012
As per Section 260 Additional Director is holds office upto the next AGM.
my query is, if there is an EGM before that AGM is in mandatory to regularize such additional director at the EGM or NOT?
my query is, if there is an EGM before that AGM is in mandatory to regularize such additional director at the EGM or NOT?
03 April 2012
It is not mandatory to regularize in EGN.However you can do so..
03 April 2012
what are the consequences of wrong appointment of Director U/s. 260 of the Companies Act, 1956.
As interested directors voted in the meeting or appointment without Qumran??
As interested directors voted in the meeting or appointment without Qumran??
03 April 2012
Provisions of Section 300 do not apply to private companies.
Unless therefore the AOA of a private company contains a prohibitory clause in terms of section 300, an interested director of a private company can participate in the discussion on the matter in which he is interested; his presence for the purpose of quorum in respect of such matter may be counted;he can vote on a resolution in respect of such matter.
Unless therefore the AOA of a private company contains a prohibitory clause in terms of section 300, an interested director of a private company can participate in the discussion on the matter in which he is interested; his presence for the purpose of quorum in respect of such matter may be counted;he can vote on a resolution in respect of such matter.
04 April 2012
The only legal consequence of a director voting on a resolution in which he is interested would be that his vote had to be excluded. A director, who knowingly contravenes the provision shall be punishable with a fine up to Rs. 50,000/-.
Any Business transacted or resolution passed is invalid unless quorum is present.
Any Business transacted or resolution passed is invalid unless quorum is present.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
