In a BM, granted the leave of absence of Original Director though his alternate director is present. Is it necessary to reflect "Grant of Leave of Absence" or not. Can anybody please let me clear on this.
4 Replies
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 22 July 2010
In my opinion, In this case leave of absence should not be shown because the alternate director is appointed in his place and when he is present what is the mean of LOA.
Further, it may be clearly written that the original director is still out of state and in his absence mr... who is his alternate director attended the meeting.
But other's and contrary views are welcome.
Neha Gupta
(PCS)
(377 Points)
Replied 22 July 2010
Hi..
Well I think Ankur is Right. Because i think there are no mandatory provisions for mentioning the already "Leave Granted" in minutes recorded for that Board Meeting when alternative Director is attending the meeting on behalf of Original one.
Regards.
vivek
(CS)
(751 Points)
Replied 22 July 2010
Agree, no need to show the Leave because Alternate Directo is appointed only because the Original Director is out of State and unable to perform the activities. You can mention the designation of Director infront of their name it is sufficient.
Regards,
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