08 October 2014
WHAT IS PENAL PROVISION FOR SMALL PVT CO. IF MINIMUM GAP OF 90 DAYS COULD NOT BE MAINTAINED DUE TO URGENCY BETWEEN TWO BOARD MEETINGS AS PER COMPANIES ACT 2013??
10 October 2014
This Gap is only applicable if you are showing only 2 Board meetings in a year as per my understanding. You can very well show more than two meetings and then clause (5) will not be applicable to you.
CAclubindia
