BOARD and Annual General Meeting

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sandeep (Querist)
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15 September 2010 An Indian Company has 3 Directors in which 2 are foreigners and same are shareholders.

2 foreign directors are not in aposition to attend BOM and AGM

What steps should be taken to make a valid meeting? (is proxy option is valid for Quorum or tell the another better way)

Ankur Garg

Ankur Garg (Expert)
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15 September 2010 Presuming your company is a private company for which 2 members are required to be present personally in a GM u/s 174.

You are advised to increase number of members by any 1 of the following methods:

1. Allotment of new shares. (board resolution for allotment and form 2 with roc is required)

2. Transfer some shares from existing members to some new persons to make new person a member of company.

Revert if there is any doubt.

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sandeep

sandeep (Querist)
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21 September 2010 Thank You Sir

Ankur Garg

Ankur Garg (Expert)
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22 September 2010 You are always welcome n keep sharing your doubts.

All the Best

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