Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
22 June 2011Friends
The AOA of a company stipulates that Board Meetibng has to be held at the Factory. Do you think it is valid. CA is silent about holding BMs.
CS Nadeem Ahmed Siddique
(Company Secretary)
(354 Points)
Replied 22 June 2011
Yes, the AGM is to be held at the registered office only whereas the B/M can be held anywhere as per convenience.
rachit jain
(chartered accountant )
(635 Points)
Replied 22 June 2011
if AOA of company specify the name of place of BM then it has to be taken place only on that place
CS Nadeem Ahmed Siddique
(Company Secretary)
(354 Points)
Replied 22 June 2011
| Originally posted by : rachit jain | ||
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if AOA of company specify the name of place of BM then it has to be taken place only on that place |
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True, but AOA can be altered for convening the Board Meeting as per convenience though such alteration will be a costly affair.
Pravin Gupta CS
(trainee)
(789 Points)
Replied 23 June 2011
BM can be held at any place ...... but you require to give notice to shareholder about transfer of statuory register from registered office if the BM held at place other than regisrted office..
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 24 June 2011
Board Meeting can be held at any place as per the convenience of the Board of Directors. However, if the articles has prescribed the specified locaiton for the conduct of Board Meeting, the same shall be contucted at that place only and it does not required to be informed to any body.
CA Suraj Prasad Shaw
(Chartered Accountant)
(504 Points)
Replied 24 June 2011
| Originally posted by : CS Ankur Srivastava | ||
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Board Meeting can be held at any place as per the convenience of the Board of Directors. However, if the articles has prescribed the specified locaiton for the conduct of Board Meeting, the same shall be contucted at that place only and it does not required to be informed to any body. |
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Agreed with Ankur Sir.............
Aparna Raja K.C
(Student)
(520 Points)
Replied 24 June 2011
| Originally posted by : CS Ankur Srivastava | ||
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Board Meeting can be held at any place as per the convenience of the Board of Directors. However, if the articles has prescribed the specified locaiton for the conduct of Board Meeting, the same shall be contucted at that place only and it does not required to be informed to any body. |
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Agree :)
Is it necessary that the meeting should be at the co. registered office or within the city, town or village in which the RO is situatued?
Pravin Gupta CS
(trainee)
(789 Points)
Replied 25 June 2011
See this.... that in holding of Board meeting other than registered office place. than a notice require to be sent to Shareholder...
Acc. To S. 301 register of contract shall be placed in each BOD meeting & if we hold BOD meeting o/t registered office it would involve removal of register outside the registered office. Since register should be kept at RO hence it seems that we can held meeting only at RO. But DCA has allowed co. to remove register of contracts provided 1. Adequate notice to shareholder is given 2. Inspection of register is allowed to share holders. .........................
Pravin Gupta
8237371902
CAclubindia
