Board meeting with short term period of less than- 24 Hours

This query is : Resolved

hariharan (Querist)
Follow

11 December 2020 Majority of directors decided board meeting with less than 21 hours for approval of annual accounts, Directors report, auditors report through Google Meet. One of the senior director requested the Majority directors to give sufficient time for meeting ( not less than 7 days). But the majority directors conducted the board meeting. WHETHER the MEETING is VALID or NOT?
Whether the minority director raises compliant to ROC?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

15 December 2020 To transact urgent business, the Notice, Agenda and Notes on Agenda may be given at shorter period of time than stated above, if at least one Independent Director, if any, shall be
present at such Meeting. If no Independent Director is present, decisions taken at such a Meeting shall be circulated to all the Directors and shall be final only on ratification thereof by
at least one Independent Director, if any. In case the company does not have an Independent Director, the decisions shall be final only on ratification thereof by a majority of the Directors of the company, unless such decisions were approved at the Meeting itself by a
majority of Directors of the company.

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

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

George Innocent

Anoop

Arvind Sharma

JAYDEEP MITRA

ATUL MAKWANA

Subscribe Now

Board meeting with short term period of less than- 24 Hours

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANCY

GST CONSULTANT

Accountant

CA Final

Manager- Finance and Compliance