Regarding Holding the AGM.
This query is : Resolved
Guest
Guest
(Querist)
28 May 2010
Dear Experts,
ABC Private Limited is based in Mumbai.
The company has
- two directors and
- no employees and
- no business.
The two directors are residing in Hyderabad.
Once in a year, one director may visit Mumbai to meet the company's Auditor.
Query :
How the company will comply with the holding of AGM (with one Director at Mumbai and another Director at Hyderabad) ?
Experts may guide on the matter.
ABC Private Limited is based in Mumbai.
The company has
- two directors and
- no employees and
- no business.
The two directors are residing in Hyderabad.
Once in a year, one director may visit Mumbai to meet the company's Auditor.
Query :
How the company will comply with the holding of AGM (with one Director at Mumbai and another Director at Hyderabad) ?
Experts may guide on the matter.
29 May 2010
Since the registered office at Mumbai you should hold meeting at mumbai. Ask your Hyderabad director to appoint proxy who is staying in mumbai. Then let that person attend the agm alongwith mumbai director. This is allowed as per companies act.
29 May 2010
Dear Friend,
The AGM has to be conducted for the Shareholders not the directors. If the share holders are there then even one director present will also be deemed to be a valid AGM.
I guess from your query that the Directors are not the only shareholders.
If Directors are the only shareholders then you can follow the advice of learned expert as above mentioned.
The AGM has to be conducted for the Shareholders not the directors. If the share holders are there then even one director present will also be deemed to be a valid AGM.
I guess from your query that the Directors are not the only shareholders.
If Directors are the only shareholders then you can follow the advice of learned expert as above mentioned.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
