Akshet Jain (Accountant) (107 Points)
30 May 2019I have to maintain the board meetings, Please tell me the difference between 'Leave of Absence' and 'Absent' in minutes?
Thanks in advance!!
anoop
(g.m accounts)
(214 Points)
Replied 30 May 2019
Shrikant
(Associate)
(350 Points)
Replied 03 June 2019
In a simple language, if it seems for a director that he or she will be be able to attend the board meeting for some reasons, he or she will give prior intimation to the board of directors or other authorised person about the same and board of director in their meeting took a note of the same and grants such director, a leave of absence.
Absent could mean that, a director has taken a leave without prior intimation.
Well, as per the reading of section 167 of the Companies Act, 2013, a director need to attnd at least one board meeting during the period of twelve months.
hope it resolves your query.
Thank You.
CAclubindia
