sec 285 and 288
This query is : Resolved
14 July 2011
There was no Board Meeting for F.Y. 2009-10 as all the Directors were not present in INDIA of a Private Ltd. Company.
Board has not meet since F.Y. 2009 till date.
what are the penalties for this contravention?
Board has not meet since F.Y. 2009 till date.
what are the penalties for this contravention?
CA Sumat Singhal
(Expert)
14 July 2011
this is a clear violation of sec 285 and since there is no penalty regarding non helding of meeting so sec 629A , general penalty,will be applicable .
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