sakshi (CS) (261 Points)
11 May 2011Dear Professional Friends
I have a query on section 301 of the Act.
As per teh said section, the register shall be placed before the next Board Meeting and shall be signed by all the directors present at the meeting.
My query is, if there are no independet directors on the Board, so is it not required to be signed by the promoter directors also??
Regards
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 12 May 2011
| Originally posted by : sakshi | ||
 |
Dear Professional Friends I have a query on section 301 of the Act. As per teh said section, the register shall be placed before the next Board Meeting and shall be signed by all the directors present at the meeting. My query is, if there are no independet directors on the Board, so is it not required to be signed by the promoter directors also?? Regards |
 |
Hi
In my view, the section only quotes on the directos present at the meeting.
So you can get the contracts signed by the directors who are present at the meeting.
Moreover before contracts being entered there will be consent of directors to proceed or not, so
that should not be an issue in terms of signing from promoters directors.
Other contrary views solicited
regards
Santosh Shah
CAclubindia
