Meeting
This query is : Resolved
Shubham Khandelwal
(Querist)
14 July 2015
if there are 2 directors in private company and both of these are interested in the related party transactions then they are eligible to attend board meeting and what will be the quaram for that meeting..rply fast..
Arjun Menon
(Expert)
21 July 2015
Dear Shubham,
As per the exemption notification of MCA dated 5th June, 2015; provisions of Sections 185, 188 have been relaxed.
https://www.mca.gov.in/Ministry/pdf/Exemptions_to_private_companies_05062015.pdf
As per this notification, if the director has disclosed his interest u/s. 184, then he can participate in meetings even if the agenda involves business of his interests.
As per the exemption notification of MCA dated 5th June, 2015; provisions of Sections 185, 188 have been relaxed.
https://www.mca.gov.in/Ministry/pdf/Exemptions_to_private_companies_05062015.pdf
As per this notification, if the director has disclosed his interest u/s. 184, then he can participate in meetings even if the agenda involves business of his interests.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
