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Board resolution query


Pournima Sarpale   07 April 2020

Pournima Sarpale

 7 points

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As a private limited company,
  1 What are the documents generated from Board Meetings?
2 What are the mandatory requirements as the companies act 2013 and 2019, for conducting a Board meeting of a private limited company with share capital less than 25 lakhs?

 
 

avater

Harish choursiya (Student cs professional )     08 April 2020

Harish choursiya
Student cs professional  
 16 likes  218 points

View Profile | My Other Post

In general For conducting Board meeting following are the drafts need to be prepared. 

1.Notice of Board meeting as per section 173(3). 

2.Acknowledge receipt from each of the directors 

3. Attendance sheet for signing by director those who present at the meeting. Read with Secretarial standard 1 issued by icsi.

4. After completion of board meeting draft minutes of that Board Meeting . as per section 118 of the Companies Act, 2013 

 

However as per section 175 of companies Act, 2013 read with Rule 5 which says about meeting can be held by way of Circulation of resolution through fax e mail that resolution must be approved by majority of the Directors . however if the meeting proposed to conduct in view of section 175 then in that meeting no items can be allowed to approve which is expressly provide to conduct at physical Board meeting for example section 179(3). 

Note - this opinion is my personal understanding of the provisions of law. 

 

Pournima Sarpale   08 April 2020

Pournima Sarpale

 7 points

View Profile | My Other Post

Thank you


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