Minutes preparation - pls reply
Querist : Anonymous
As Sec 193 provides by itself in case of Board meeting the directors present have to be shown in Minutes but no such requirement is there in sec 193 to show present members and directors in case of GM, still they are shown in minutes... so this is a practice or what ??
pls reply..
SS 5 states that the NUMBER of members present in person including representatives needs to be shown in minutes. The number of proxies and the number of shares represented by them also needs to be included.
SS 5 also recommends to include the details of the presence of Chairman of the Audit Committee at the AGM.
SS 5 is not mandatory. It s recommended to follow it to ensure better corporate governance.
Querist : Anonymous
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