Kishore (Audit Accounting and Consultancy) (28 Points)
23 April 2010Hi All,
Can we pass a circular resolution if we have all the directors (of a pvt ltd co.) who are non-residents (residing abroad) and have no usual address in India?
Thanks
Kishore
CS Mayur Buha
(Company Secretary)
(238 Points)
Replied 23 April 2010
No reffer sec. 289 it clearly says that the address of directors shold be in India
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 23 April 2010
Agree. Compliance of 289 is a bit difficult in your case.
The Solution to ur problem is very easy.
Hold the Board meeting outside the India, as there is no restriction on the same.
Pass the resolution in that Board meeting. Thats all.
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