anoop (chartered accountants) (38 Points)
29 September 2009A pvt ltd . co. have four director named a,b,c,d.if no notice of agm for adoption of financial statement and no intimation of board meeting was sent to one diretor than what is the liabilty of rest three director . and how it can be rectify.if there any penalty or provision related to it.
Section 286 provides the provision related to board meetings notice.
If notice is not given, every officer of the company is liable for punishment upto 1000 Rs.
Note: I have assumed that, director didn't attend the meeting as he didn't receive the notice. So, he is not aware about meeting.
To rectify the mistake do this, Insert in the minutes of board meeting that, due to oversight Company could not give the notice to director
or
Convience the director about the mistake made by company & insert in minutes that the director has taken the Levae of absence.
If you need further clarification than contact me
Ankur Shah (Practicing Company Secretary)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
Nr. Shyamal Cross Road, 132ft. Ring Road,
Satellite, Ahmedabad – 15
Contact: + 91-9427633901
E-mail: ankurjewel @ gmail.com
Blog: csankur.blogspot.com
NIDHI DHAWAN
(COMPANY SECRETARY)
(46 Points)
Replied 30 September 2009
I think second option given by Mr. Shah is the Best
Jyoti Aggarwal
(COMPANY SECRETARY)
(336 Points)
Replied 30 September 2009
Yes i m also agree with the 2nd option.
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