I have a query regarding board meeting for approval of financial statements.
Sec 173 of companies act,2013 prohibits approval of financial statements through video conferencing.
In case of Pvt Co. (2 Directors)
What if the Company's 1 director is in India? Can he approve the financial statements? since the other director is out of India and he cannot attend board meeting.
You cannot held board meeting with 1 director. You may appoint a new Director as additional director through resolution by Circulation and hold a valid board meeting.
CAclubindia
