hi,
a foreign company in INDIA having 90% holding and 10% holding by non residents , so for AGM can they appoint proxies , give me clear sections regarding this ,
thanks in advance ,
Menu
Proxy
Replies (2)
if a foreign is holding 90% shares of company in indian then the foreign company can appoint a representative who can attend the agm on behalf of the company
As per act presence of atleast 2 members in person, in case of private limited cmpany, is required. So, in this case, the foreign company can however authosie some person to be present in AGM but atleast one NRI need to be pesent in person, they can not appoint the proxy.However, the other NRIs can appoint their proxies.
Recent Topics :
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
Related Topics :
CAclubindia
