Board meeting
shubham (student) (238 Points)
27 March 2015
does a shareholder has a legal right to ask for minutes of board meeting???
Rajesh Kumar
(Consultancy)
(93 Points)
Replied 27 March 2015
Hi Shubham,
The Companies Act, 2013 has no express provision in relation to inspection of minutes book of the board meetings, the same shall be open for the the inspection of auditor. The director shall also be eligible to see this books.
But the judgement given in (Rameshwar Lal Lath V calcutta wheat & seed Association Ltd) Right of inspection cannot be denied whatever be the motives of member.
Regards
Rajesh Kumar
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