Ordinary resolution
This query is : Resolved
12 February 2015
Dear All...
I have a query regarding passing of Ordinary Resolution in case of related party.
There are two directors in the Co. One director is interested in Transaction with related party so he cannot present during that meeting. Can other Director approve the Ordinary resolution himself?
Or we have to appoint one more director to approve the same.?
I have a query regarding passing of Ordinary Resolution in case of related party.
There are two directors in the Co. One director is interested in Transaction with related party so he cannot present during that meeting. Can other Director approve the Ordinary resolution himself?
Or we have to appoint one more director to approve the same.?
12 February 2015
minimum Two directors should be there to complete the condition of quorum. Yes, You have to appoint persons as director having no interest and not covered under the definition of relative under the act
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- LIC Annuity received under Jeevan Akshay Scheme
- In Exports Sales HSN details where to fill
- Form 10BD Filling
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
