Meeting
This query is : Resolved
14 July 2015
if there are 2 directors in private company and both of these are interested in the related party transactions then they are eligible to attend board meeting and what will be the quaram for that meeting..rply fast..
21 July 2015
Dear Shubham,
As per the exemption notification of MCA dated 5th June, 2015; provisions of Sections 185, 188 have been relaxed.
http://www.mca.gov.in/Ministry/pdf/Exemptions_to_private_companies_05062015.pdf
As per this notification, if the director has disclosed his interest u/s. 184, then he can participate in meetings even if the agenda involves business of his interests.
As per the exemption notification of MCA dated 5th June, 2015; provisions of Sections 185, 188 have been relaxed.
http://www.mca.gov.in/Ministry/pdf/Exemptions_to_private_companies_05062015.pdf
As per this notification, if the director has disclosed his interest u/s. 184, then he can participate in meetings even if the agenda involves business of his interests.
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