Priya Sharma (Company Secretary & Student.MBA) (998 Points)
01 September 2009Can a Pvt. Co. get its account aproved in abroad??
The Pvt Co. is having 4 directors but 2 are foreign directors and 1 is out of India and the remaining one is in India.So can the single director approve the accounts or can the Co. hold its meeting abroad and get its accounts approved there?
Rgds
Priya Sharma
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 01 September 2009
No. The BM can not be held in India due to lack of quorum u/s 287.
However there is no restriction on holding BM in foreign for any agenda. But quorum should be there u/s 287.
Kaustuv
(Practicing CA)
(1778 Points)
Replied 01 September 2009
There is no guidance in Companies Act relating to place of meeting of BOD unlike the place of AGM. More expert views in this matter would be needed
CAclubindia
