How a private company can conduct BM at short notice whereas there is a provision that for conducting BM at shorter notice at least one independent director is required who either have to attend the meeting or ratification by atleast one independent director?
But in case of Private company there is no need to appoint independent Director.
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BM at short notice in case of Private company
Replies (2)
If there is no independent director than it is not required
The requirements of independent Director is only for those companies which required to appoint under section 149(4) read with Rule 4 of this chapter
Moreover the independent Director concept does not applicant to private company.
Conclusion- in your case meeting of board at shorter notice can be held without the independent Directors.
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