Urgent
This query is : Resolved
28 July 2012
please provide me a resolution for the applicability of section 293 (1) (a)
please provide me a resolution for the applicability of section 293 (1) (a)
28 July 2012
Sec. 292(1)(a) - Interest on call money arrears - Board Resolution
"RESOLVED that interest at 18% per annum from 31-3-99 till date of payment be charged in respect of the arrears of call money due from the shareholders mentioned in the defaulters list, a copy of which is tabled before the meeting and initialed by the Chairman, and the Secretary of the Company be directed to inform the shareholders accordingly and issue a Public Notice in this behalf."
"RESOLVED that interest at 18% per annum from 31-3-99 till date of payment be charged in respect of the arrears of call money due from the shareholders mentioned in the defaulters list, a copy of which is tabled before the meeting and initialed by the Chairman, and the Secretary of the Company be directed to inform the shareholders accordingly and issue a Public Notice in this behalf."
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