Board meeting through teleconferencing
This query is : Resolved
21 March 2012
Hi all,
If in private ltd company there are only two directors and 1 director stays out of India and attends most of the meetings via teleconferencing then how he sign Annual account when he attend that particular board meeting for adoption of account via teleconferencing?
If in private ltd company there are only two directors and 1 director stays out of India and attends most of the meetings via teleconferencing then how he sign Annual account when he attend that particular board meeting for adoption of account via teleconferencing?
21 March 2012
Hi
Read General Circular No. 28/2011 dated 20.05.2011 issued by MCA. On the basis of said circular you can send the Annual Account for singing to the said director.
Regards
Read General Circular No. 28/2011 dated 20.05.2011 issued by MCA. On the basis of said circular you can send the Annual Account for singing to the said director.
Regards
26 March 2012
Yes I have gone through that circular but couldn't find this explanation and what if both the directors stays outside india?
26 March 2012
Hi
There is no restriction for holding of Board Meeting outside India. You can hold Board meeting where these directors resides.
Regards
There is no restriction for holding of Board Meeting outside India. You can hold Board meeting where these directors resides.
Regards
27 March 2012
Thanks Ajay Sir,
So the two directors who are the only shareholder of that private ltd company can run the company from outside just by holding AGM in India? What further compliance they will required to followed? Is it not advisable to them to appoint director in India or not ?
So the two directors who are the only shareholder of that private ltd company can run the company from outside just by holding AGM in India? What further compliance they will required to followed? Is it not advisable to them to appoint director in India or not ?
27 March 2012
Hi
You follow all provisions of Companies Act, accordingly. You have liberty to hold BM anywhere of the world.
Regards
You follow all provisions of Companies Act, accordingly. You have liberty to hold BM anywhere of the world.
Regards
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