16 November 2011
Ours is a public ltd. company. In our board meeting there was 10 agendas including the approval of accounts. Requisite quorum was present in the meeting and meeting was started but due to time constraint only 2 agenda could discussed and passed and meeting was adjourned for indefinite period.
1. Now rest of the 8 agendas will be passed in the adjourned board meeting. So what will be the effective date of passing of resolution the date of original meeting or adjourned meeting. In case of accounts what will be the date of adoption of accounts if they approved in the adjourned meeting.
2. Whether we need to record separate minutes both for the original and adjourn meeting.
17 November 2011
The Minutes of both Original as well as Adjourned Meeting shall be recorded seperately.
The date of passing of Resolution shall be the actual date on which the resolution was passed i.e. for two agendas the date of original meeting and for rest the date on which they were passed in the Adjourned Meeting.
Date of adoption of Accounts shall be the date on which accounts were actually adopted and not the original date of meeting.
CAclubindia
