Suppose the company did not conduct a BM within 120 days, what is the remedy and consequence? Is there any penalty or can they go for compounding? There was a delay of 8 days in holding the meeting
P.S. - Meanwhile meetings of committee of board of directors have been held in between. Will it make any difference?
| Originally posted by : Yamini | ||
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Suppose the company did not conduct a BM within 120 days, what is the remedy and consequence? Is there any penalty or can they go for compounding? There was a delay of 8 days in holding the meeting P.S. - Meanwhile meetings of committee of board of directors have been held in between. Will it make any difference? |
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Penalty arise under section 173 (3) & (4 ) of Rs. 25K every officer who is liable to sent BOD meeting notice
Second Clear Committee of Board whether it's audit committee or any other committee
VIKAS VERMA & CO
New Delhi
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O P Bagla & Co LLP
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