Is that compulsory to call BOARD MEETING and pass resolution for Making a call on partly paid shares...??????????
7 Replies
Anuraag Sharma
(Sr Executive Finance)
(845 Points)
Replied 11 June 2010
Yes
It is compulsory to call BOARD MEETING and pass resolution for Making a call on partly paid shares..
Arti
(Jr Manager)
(123 Points)
Replied 11 June 2010
Yes it is compulsory to call Board Meeting and pass resolution to make calls on shares. Section 292 has given certain powers which are to be exercised only at BOARD MEETING.
Laljibhai
(COMPANY SECRETARY)
(28 Points)
Replied 11 June 2010
IT IS COMPULSORY UNDER SECTION 292 POWER VESTED ONTHE BOARD TO CALL A BOARD MEETING FOR CALLING UNPAID SHARE CAPITAL OF THE COMPANY
PRATEEK
(ACA)
(102 Points)
Replied 11 June 2010
AS PER THE COMPANIES ACT 1956,
THE BOARD OF DIRECTORS ARE HAVING THE AUTHORITY TO CALL PARTLY PAID UP SHARES ,SUCH AN AUTHORITY CANNOT BE DELEGATED TO ANY OTHER PERSON.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 12 June 2010
Yes
Prasanth Nair V
(ACA,ACS,CWA Final,Mcom)
(557 Points)
Replied 12 June 2010
Yes, Demanding the CAll money is a decision to be taken by the BOD, in their meeting, ehich requires the board resolution to be passed.
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
