14 July 2011
There was no Board Meeting for F.Y. 2009-10 as all the Directors were not present in INDIA of a Private Ltd. Company. Board has not meet since F.Y. 2009 till date. what are the penalties for this contravention?
14 July 2011
this is a clear violation of sec 285 and since there is no penalty regarding non helding of meeting so sec 629A , general penalty,will be applicable .
CAclubindia
