Board meeting
This query is : Resolved
17 March 2010
dear all
what is the impact if company shows that a director was present in the Board Meeting but later we came to know that in actual that director was out of india in the same time.
plz give impact on audit point of view.
Is the same is fraud or null and void Bm or what.
How can i give bamboo to the client
what is the impact if company shows that a director was present in the Board Meeting but later we came to know that in actual that director was out of india in the same time.
plz give impact on audit point of view.
Is the same is fraud or null and void Bm or what.
How can i give bamboo to the client
17 March 2010
Yes board meeting may be declared invalid. If it is proved that due to his absence from the board meeting quorum u/s 287 was not complete.
For example if your co. is a private company with 2 directors than both the directors should be present in the meeting for quorum purpose. However if later on your track the fraud mentioned in your query then the meeting is invalid due to lack of quorum.
Regards
For example if your co. is a private company with 2 directors than both the directors should be present in the meeting for quorum purpose. However if later on your track the fraud mentioned in your query then the meeting is invalid due to lack of quorum.
Regards
17 March 2010
agree with expert
17 March 2010
Agree...
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Condonation . E-Verification of last year return .
- Management System (IMS)
- TDS Return Q1 FY 2026-27
- EPF FULL & FINAL RULES IN 2026
- Eway bill generation from place other than registeted
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
