Board meetings for the period from 01/04/14 to 31/03/15
This query is : Resolved
21 November 2015
Dear Friends / Experts,
Please guide me on the following, IF POSSIBLE:
A Private Limited Company was having Two Directors and they were the Shareholders. They are Foreign Nationals.
Prior to the appointment of Resident Director on 01/06/15, the Directors were holding all the Board Meetings till 31/03/15 in their Home Country (Singapore) only.
Query
Please confirm, whether there is any non-compliance ‘in holding all the Board Meetings for the period from 01/04/14 to 31/03/15’?
Your reply, please..............
Thanks in advance for possible replies from all concerned.
Please guide me on the following, IF POSSIBLE:
A Private Limited Company was having Two Directors and they were the Shareholders. They are Foreign Nationals.
Prior to the appointment of Resident Director on 01/06/15, the Directors were holding all the Board Meetings till 31/03/15 in their Home Country (Singapore) only.
Query
Please confirm, whether there is any non-compliance ‘in holding all the Board Meetings for the period from 01/04/14 to 31/03/15’?
Your reply, please..............
Thanks in advance for possible replies from all concerned.
22 November 2015
Its violation of companies act.
every company must have one resident director.
every company must have one resident director.
Message likes :
1 times
Pratik Shah
(Expert)
23 November 2015
All the board meetings can be held outside India. Hence, no violation in this regard. However, as Sachin bhai pointed, the company needed to have Resident director in that period.
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Form 144 TDS Return Validation Error – Mandatory Fields
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Applicability of tax on invoice
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital Gains Tax on Inherited Mutual Fund
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
