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DIFF BETWEEN PRIOR AND PREVIOUS APPROVAL

pawan (student) (77 Points)

23 February 2010

WHAT IS THE DIFF BETWEEN PRIOR APPROVAL AND PREVIOUS APPROVAL?

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7 Replies

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 23 February 2010

No difference.

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Amir (Learner) (4016 Points)
Replied 23 February 2010

Dear Pawan,

Good question brother.........

Agree with Ankur sir - just d same thing........

There are other example like "Subject to" or "Save as"......

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satindera Singh (Manager in Genpact india) (64 Points)
Replied 23 February 2010

Hi,

i think there is difference between PRIOR APPROVAL AND PREVIOUS APPROVAL.

PRIOR APPROVAL - taking approval before the resolution or Before appointment ect.

Where as Previous Approval means - The last approval u taken or Earlier approval.

thanks

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 23 February 2010

Yes, agree with Mr. Satindera.

Ravinder (Sr. Accounts Officer) (155 Points)
Replied 23 February 2010

I think Mr Satindra is right

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 24 February 2010

Quite strange!!!

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Ishwar Singh (2 Points)
Replied 02 January 2020

If Mr. Satindra is right then company will need central government’s approval only a single time in a financial year. As it fulfills the requirement of previous approvals wherever it is needed.
And this is quite strange as Ankur sir said.
An auditor appointed under secton 139 can be removed by a special resolution by the company and previous approval of central government- now in this case previous(earlier taken) approval will be considered or another previous approval will be required.