Applicability of section 160(1) to private company

This query is : Resolved

ARTHI (Querist)
Follow

09 August 2014 Dear Experts,

Please reply to the following queries:

A Private Limited Company has held AGM belatedly on 30/06/14 for FY 2012-13 (and BM on 17/06/14).

Company has two Directors (Husband-Wife) and they are the Shareholders.

Q1: I need to regularize the Additional Director in the AGM. Whether Section 160(1) shall apply to the private company. (Note: Under CA 1956, Section 257 was not applicable to private company).

Please reply…………………..

Q2: Whether I need to attach Explanatory Statement for regularizing the Additional Director in the AGM.

Please reply…………………..

Q3: If both the Directors are interested in the resolution for regularizing the Additional Director in the AGM, how do I proceed with the situation.

Please reply…………………..

Q4. Whether retirement of directors by rotation shall apply to the private company.

Please reply…………………..

Thanks.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

10 August 2014 Q1: I need to regularize the Additional Director in the AGM. Whether Section 160(1) shall apply to the private company. (Note: Under CA 1956, Section 257 was not applicable to private company).

reply -- Yes

Q2: Whether I need to attach Explanatory Statement for regularizing the Additional Director in the AGM.

reply - Yes

Q3: If both the Directors are interested in the resolution for regularizing the Additional Director in the AGM, how do I proceed with the situation.

reply - Can convene the AGM because interested directors can participate and vote in AGM since there is no section corresponding to section 300 in 2013 act.

Q4. Whether retirement of directors by rotation shall apply to the private company.

reply - No ,because there is no section corresponding to section 255 in 2013 act.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

BALU RAJADURAI

T.N.Reddy

Shubham Jain

Narendra

Mahasweta Deb

Subscribe Now

Applicability of section 160(1) to private company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

CA Final

GST CONSULTANT

GST CONSULTANCY