A company ABC Pvt. Ltd. has 2 Director Mr.A and Mr.B. Both of them are brother. In this case if a Board of Directors required to pas a Resolution for taking Loan from the Director's Father, then which Director is entilted to Vote in the above matter as both of them are intersted in the above Subject matter. Please provide me with a solution.
Menu
Board meeting
Replies (1)
They can pass resolution. Notification dated 05/06/2015 has given exemption for private company in this regard. Please check the notification for more details.
Recent Threads
- ITR filing STCG LTCG
- TDS deducted against PF withdrawal
- VRS / Severance Pay full exemption u/s 89 ( 10E fo
- Sponsorship fees GST
- Error in verification of ITR-2
- Form 12aa for Religious and Charitable trust
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
Related Threads
CAclubindia
