1st Board meeting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2009
Can in the first Board meeting of a Pvt company only one director is appointed. and all other matters regarding auditors, Common seal, registers etc be considered in the next meeting. The Company already have its 2 directors who are named in the AOA of the co.
24 November 2009
It is practice to do all the above mentioned matters in the first board meeting itself. Moreover, as per the companies act, 1956, if the appointment of auditor is not made within a specified period, then the appointment would be made by Central Government.
Please note that appointment of only one director is not allowed. A Pvt ltd co. is required to have minimum two directors.
Please note that appointment of only one director is not allowed. A Pvt ltd co. is required to have minimum two directors.
CA Ravi Sisodia
(Expert)
24 November 2009
AGREE
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