Board meeting compulsory?
Adit A (Manager) (35 Points)
22 September 2014Adit A (Manager) (35 Points)
22 September 2014
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 22 September 2014
I agree that directors may have to take help of professionals for detailed and indepth analysis of company law provisions. However, the points raised are the basic things which directors are supposed to be aware of while forming a company. Company has a distinct legal identity from its shareholders and day to day affairs are managed by directors. Even if the company is not functioning, 4 Board meetings in a year are mandatory for all companies. All companies have to prepare their Balance Sheets and file with ROC every year after approval in AGM.
Adit A
(Manager)
(35 Points)
Replied 22 September 2014
CS Amit Srivastava
(Services )
(66 Points)
Replied 24 September 2014
@ Adit A
even though directors and shreholders are same but law recognize then sepretaly and in this respect every company whether functining or not has to follow all provisions of law.
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