Quorum in a pvt ltd co
This query is : Resolved
27 August 2013
One co.has only four shareholders.Three of them are in foreign.For appointing auditor it is necessary to conduct general meeting.But how is it possible? Please give me solution in a proper and practical way.it's argent.
Thanks
Thanks
27 August 2013
Hi
A member has right to appoint proxy to any one, if he is not intended to attend meeting.
So suggest foreign member to appoint proxy.
A member has right to appoint proxy to any one, if he is not intended to attend meeting.
So suggest foreign member to appoint proxy.
Message likes :
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28 August 2013
Thank you for replying me.But sir it is provision for quorum that proxy is not consider in quorum as per co.law.so how can we fulfill the criteria of quorum as three shareholders out of four are in foreign.And it is also necessary for quorum in pvt.ltd.co.that 2 members must have present physically in meeting.
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