Minutes of agm
This query is : Resolved
24 July 2014
A director was appointed as the chairperson for the AGM and post the AGM,he resigned. For the purpose of signing the AGM minutes, whether the erstwhile director can sign the minutes (post resignation) or whether some other director will sign with the authorisation from the Board.
24 July 2014
other director will sign with the authorization from the board
Message likes :
1 times
24 July 2014
Provisions related to minutes are governed by section 118 of the Companies Act, 2013.
As per rule 25(1)(d) of Companies (Management and Administration) Rules, 2014, no time limit prescribed for signing of Board minutes so the date to be put on board minutes shall be the date on which Chairman actually sign the minutes or the date of next board meeting date whichever is earlier.
In the case of minutes of proceedings of a general meeting, it should be signed by the chairman of the same meeting within the period of thirty days or in the event of the death or inability of that chairman within that period, by a director duly authorised by the Board for the purpose. So in case of General meeting minute date of signing should be within 30 days of meeting.
Law is quite clear in your case. Resigning Director is unable now to sign minutes. Hence minutes will be signed within 30 days by the director duly authorised by the Board for the purpose.
Thanks
As per rule 25(1)(d) of Companies (Management and Administration) Rules, 2014, no time limit prescribed for signing of Board minutes so the date to be put on board minutes shall be the date on which Chairman actually sign the minutes or the date of next board meeting date whichever is earlier.
In the case of minutes of proceedings of a general meeting, it should be signed by the chairman of the same meeting within the period of thirty days or in the event of the death or inability of that chairman within that period, by a director duly authorised by the Board for the purpose. So in case of General meeting minute date of signing should be within 30 days of meeting.
Law is quite clear in your case. Resigning Director is unable now to sign minutes. Hence minutes will be signed within 30 days by the director duly authorised by the Board for the purpose.
Thanks
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- FTS Taxable under 115A
- Experts need help
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- 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
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
