Consequence of non holding of first bod meeting within a mon
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2015
WE HAVE INCORPORATED A PRODUCER CO. ON 13TH NOV.SO ACCORDINGLY FIRST BOD MEETING SHOULD HAVE BEEN HELD BEFORE 13TH DECEMBER. BUT DUE TO SOME REASONS, THE BOD MEETING WAS HELD ON 28TH DECEMBER.WILL IT LEAD TO NON COMPLIANCE.WHAT ARE THE CONSEQUENCES OF SUCH NON COMPLIANCE
30 December 2015
Companies Act does not ask a company to have first board meeting within a month. However, Secretarial Standard mandates company to have first board meeting within a month of incorporation.
Hence, it is a violation of SS.
Hence, it is a violation of SS.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2016
what are the consequence of such violation.is there any penalty stipulated under secretarial standards.
04 January 2016
Please refer Section 118(10) and 118(11) of Companies Act 2013.
Message likes :
1 times
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
