dear sir/ madam
i will be greatfull if anyone give me the suggestion about the matter " if any one promoter of a company ( public ltd) is absent for a long time from the board meetings, what will be the helpfull steps for the company".
2 Replies
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 02 May 2011
| Originally posted by : sanjib | ||
 |
dear sir/ madam i will be greatfull if anyone give me the suggestion about the matter " if any one promoter of a company ( public ltd) is absent for a long time from the board meetings, what will be the helpfull steps for the company". |
 |
Hello Mr.Sanjib
I assume the Promoter is also the Director of the Company.
If yes, then his absence from Board Meeting without obtaining Leave of Absence for the Last 3 Meetings
or meetings held in last 3 months (whichever earlier) would lead to Vacation of office of Director U/s 283 (1) (g) of Companies Act 1956.
But if Notices to such Director is sent and Leave of Absence obtained from attending the Board Meeting
then there is no issue as per my view.
Other contrary views solicited
regards
Santosh Shah
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