If in private ltd company there are only two directors and 1 director stays out of India and attends most of the meetings via teleconferencing then how he sign Annual account when he attend that particular board meeting for adoption of account via teleconferencing?
Read General Circular No. 28/2011 dated 20.05.2011 issued by MCA. On the basis of said circular you can send the Annual Account for singing to the said director.
So the two directors who are the only shareholder of that private ltd company can run the company from outside just by holding AGM in India? What further compliance they will required to followed? Is it not advisable to them to appoint director in India or not ?
CAclubindia
