IN A PVT COMPANY TWO MEMBERS ARE NRI
This query is : Resolved
15 February 2009
I WANT TO KNOW THAT IN A PVT COMPANY THERE IS REQUIREMENT TWO DIRECTORS ARE NRI OR THERE IS COMPLUSION ONE INDIAN DIRECTOR IS INDIAN
16 February 2009
No compulsion, but the requirements of Board meeting and general meeting under section 285 and 166 should be met resp.
Board should meet atleast four times in a year, once in every three months. And general meeting should be held at the place, town, city whr regd office is situated.
If quorum i.e. the only two directors are not present then meeting will be invalid and penal consequences would follow
neha@nehasinghi.com
Board should meet atleast four times in a year, once in every three months. And general meeting should be held at the place, town, city whr regd office is situated.
If quorum i.e. the only two directors are not present then meeting will be invalid and penal consequences would follow
neha@nehasinghi.com
18 February 2009
Yes, I agree with Neha, but for better clarity, Board Meeting can be done at any place even out of India and except the Annual General Meeting other General Meeting i.e. Extra Ordinary General Meeting can be done at any place even out of India.
Annual General Meeting should be done within the city limit of the place where the Registered Office is situated.
Annual General Meeting should be done within the city limit of the place where the Registered Office is situated.
24 February 2009
yes in Company, all directors can be NRI and there is no such complusion for indian director
26 February 2009
Ashish, Need to clarify
As far as I guess statute has not clarified anywhr about place of conducting Board meeting or EGM. Could you forward me any text which supports your contention.
As far as I guess statute has not clarified anywhr about place of conducting Board meeting or EGM. Could you forward me any text which supports your contention.
27 February 2009
Dear Neha,
When one thing is not provided in the Act it means that they have have given the liberty for that particular factor. However, you can refer the Ramiya book in which they have also given the case laws and the comentry for the Board Meeting as well as EGM.
When one thing is not provided in the Act it means that they have have given the liberty for that particular factor. However, you can refer the Ramiya book in which they have also given the case laws and the comentry for the Board Meeting as well as EGM.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EPF FULL & FINAL RULES IN 2026
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- 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
