Quorum for a wholly owned subsidiary?
This query is : Resolved
18 August 2012
How shall the quorum of general meeting for a private limited wholly owned subsidiary company be obtained?
All the shares except one of the company is held by a foreign company. one share is held by an Indian as nominee shareholder of that Foreign Company. Can that one person alone form the quorum for the EGM? Pl. advise its urgent!
All the shares except one of the company is held by a foreign company. one share is held by an Indian as nominee shareholder of that Foreign Company. Can that one person alone form the quorum for the EGM? Pl. advise its urgent!
18 August 2012
Normally under such situation the help of PROXY is being taken.
18 August 2012
Respected Sir,
Pl. explain in detail. can that 1 person alone as proxy/ authorized representative form a quorum for the purpsoe of EGM?
Awaiting your valuable guide!
Thanks & Regards,
Nisha Singhal
Pl. explain in detail. can that 1 person alone as proxy/ authorized representative form a quorum for the purpsoe of EGM?
Awaiting your valuable guide!
Thanks & Regards,
Nisha Singhal
18 August 2012
Proxy need not be the same person. This will basically depend upon the relations amongst the members. There is no harm in appointing the same person as proxy. (Concentration of power)
18 August 2012
with your expert advise I understood that a single person can form a quorum for the purpsoe of EGM of thewholly owned subsidiary company.
Correct me If I am wrong!
And Thanks so much for your cooperation and guidance
Regards,
Nisha
Correct me If I am wrong!
And Thanks so much for your cooperation and guidance
Regards,
Nisha
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- Free lancer income
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- 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
- GST Refund_RFD-01
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
