ACS Anjali Jain (SERVICE - CS) (472 Points)
06 May 2015In case of regularisation of additional director at AGM, provsions of sec 160 is to be complied. My query is when the director gets regularised at AGM can the company forfeit that deposit money of rs 1 lac?
NAVIN AGICHA
(HELPING HAND)
(1313 Points)
Replied 06 May 2015
ACS Anjali Jain
(SERVICE - CS)
(472 Points)
Replied 06 May 2015
That means if gets appointed as regular director, company has to refund the deposit.
ACS Anjali Jain
(SERVICE - CS)
(472 Points)
Replied 06 May 2015
That means if he gets appointed as regular director thn company has to refund the deposit.
CAclubindia
