Quorum for a wholly owned subsidiary?
This query is : Resolved
18 August 2012
How shall the quorum of general meeting for a private limited wholly owned subsidiary company be obtained?
All the shares except one of the company is held by a foreign company. one share is held by an Indian as nominee shareholder of that Foreign Company. Can that one person alone form the quorum for the EGM? Pl. advise its urgent!
All the shares except one of the company is held by a foreign company. one share is held by an Indian as nominee shareholder of that Foreign Company. Can that one person alone form the quorum for the EGM? Pl. advise its urgent!
18 August 2012
Normally under such situation the help of PROXY is being taken.
18 August 2012
Respected Sir,
Pl. explain in detail. can that 1 person alone as proxy/ authorized representative form a quorum for the purpsoe of EGM?
Awaiting your valuable guide!
Thanks & Regards,
Nisha Singhal
Pl. explain in detail. can that 1 person alone as proxy/ authorized representative form a quorum for the purpsoe of EGM?
Awaiting your valuable guide!
Thanks & Regards,
Nisha Singhal
18 August 2012
Proxy need not be the same person. This will basically depend upon the relations amongst the members. There is no harm in appointing the same person as proxy. (Concentration of power)
18 August 2012
with your expert advise I understood that a single person can form a quorum for the purpsoe of EGM of thewholly owned subsidiary company.
Correct me If I am wrong!
And Thanks so much for your cooperation and guidance
Regards,
Nisha
Correct me If I am wrong!
And Thanks so much for your cooperation and guidance
Regards,
Nisha
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
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- Input Tax Credit Puf panels
- Capital gains LTCG
- Real estate business by a partnership firm where both of the partners are SC/ST
- ROC filings for the first year of incorporation
- 26QB correction - no data available error for fully consumed/processed with default
- How to open attachment in 23ac xbrl
- TDS on Purchase of Immovable Property in case of Co Owner
- When I Login E-invoice portal with waybill user id and pw, it is showing 3011 error data
- TDS Under Section 194LC for Interest on ECB paid to Non Resident (PAN Not available)
- Demand due to error in 3cd
- Travel Agent Charges 5 % GST without ITC. Can he raise invoice @ 18% on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- Professional tax deduction monthly
- Cross charges verses Isd methof
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
