CAN AN ALTERNATE DIRECTOR BE CONSIDERED FOR THE PURPOSE OF QUORUM UNDER SECTION 285 ?ONCE THE FY OF A COMPANY ENDS AFTER THE GAP OF HOW MANY MONTHS SHOULD THE ANNUAL ACCOUNTS BE PLACED IN GM?
Tanveer Md Masood (Indispensable) (361 Points)
19 August 2012CAN AN ALTERNATE DIRECTOR BE CONSIDERED FOR THE PURPOSE OF QUORUM UNDER SECTION 285 ?ONCE THE FY OF A COMPANY ENDS AFTER THE GAP OF HOW MANY MONTHS SHOULD THE ANNUAL ACCOUNTS BE PLACED IN GM?
Alternate directors are directors in their own capacity and hence shall be counted in quorum.
As per section 210 in case of first FY of co. annual a/c's have to be placed within 9 months.
in case of subsequent FY annual a/c's have to be placed within 6 months+extension allowed under 166 (if any).
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