Appointment of wholetime director in general body meeting
This query is : Resolved
01 June 2015
A PRIVATE LIMITED COMPANY HAS ONLY TWO DIRECTORS, WHO ARE RELATED TO EACH OTHER AS FATHER AND SON. COMPANY WANTS TO APPOINT ONE OF THE DIRECTORS TO BE WHOLE TIME DIRECTOR. AS PER SECTION 196 OF COMPANIES ACT 2013 BOARD OF DIRCTORS CAN APPOINT WHOLE TIME DIRECTOR OR MANAGING DIRECTOR SUBJET TO APPROVAL OF GENERAL BODY MEETING. IN THIS CASE BOTH THE DIRECTORS ARE INTERESTED IN THE RESOLUTION HENCE RESOLUTION CANNOT BE PASSED IN BOARD MEETING DUE TO LACK TO QUORUM OF UNINTERESTED DIRECTORS . CAN WE APPOINT ONE OF THESE TWO DIRECTORS, WHO ARE RELATIVES OF EACH OTHER, BY PASSING AN ORDINARY RESOLUION IN THE COMMING ANNUAL GENERAL MEETING OF THE COMPANY AS SPECIAL BUSINESS ITEM AND WITH EXPLANTORY STATEMENT U/S 102 OF CA2013. PLEASE ALSO SUGGEST PROCEDURE FOR DOING SO. SUNIL JAIN
02 June 2015
Yes, you can do so..
02 June 2015
THANK YOU, SWATIJI FOR YOUR QUICK RESPONSE. PLEASE SUGGEST WHAT PROCEDURE SHOULD BE FOLLOWED IN CASE ONE WANT TO APPOINT WHOLE-TIME DIRCTOR
IN AGM IN THESE CIRCUMSTANCES.
IN AGM IN THESE CIRCUMSTANCES.
02 June 2015
Send me a test mail on swati.sethi05@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
