Interim Dividend
This query is : Resolved
20 April 2011
Can the Board declare interim dividend in a meeting through teleconferencing?
Thank you,
Pravin
Thank you,
Pravin
20 April 2011
In my opinion...a Board Meeting held through Teleconferenecing is not a valid meeting.....
Board Meeting may be held through Video Conferencing and the business transacted thereat is valid in all respects.
Board Meeting may be held through Video Conferencing and the business transacted thereat is valid in all respects.
20 April 2011
Board meeting conducted through teleconferencing or video conferencing is not yet recognised under the Companies Act, 1956.
So conducting of physical meeting is required. However subject to minimum quorum present, other directors can participate through tele or video conferencing.
Passing of circular resolution is another alternative for passing of resolutions without convening physical meeting under Section 289 of the Companies Act, 1956. However please note that certain matters need to be passed only in the meetings of Board viz., items specified in Section 292, etc.
So conducting of physical meeting is required. However subject to minimum quorum present, other directors can participate through tele or video conferencing.
Passing of circular resolution is another alternative for passing of resolutions without convening physical meeting under Section 289 of the Companies Act, 1956. However please note that certain matters need to be passed only in the meetings of Board viz., items specified in Section 292, etc.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- RELATED TO TRIBUNAL APPEAL
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Sec 44ada applicable only or both
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- GST Rate for Catering Services
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
