Microsoft Excel with AI: Zero to Hero
Certification Course on Practical Filing of Income Tax Returns
Is that compulsory to call BOARD MEETING and pass resolution for Making a call on partly paid shares...??????????
Yes
It is compulsory to call BOARD MEETING and pass resolution for Making a call on partly paid shares..
Yes it is compulsory to call Board Meeting and pass resolution to make calls on shares. Section 292 has given certain powers which are to be exercised only at BOARD MEETING.
Thnx for your help
IT IS COMPULSORY UNDER SECTION 292 POWER VESTED ONTHE BOARD TO CALL A BOARD MEETING FOR CALLING UNPAID SHARE CAPITAL OF THE COMPANY
AS PER THE COMPANIES ACT 1956,
THE BOARD OF DIRECTORS ARE HAVING THE AUTHORITY TO CALL PARTLY PAID UP SHARES ,SUCH AN AUTHORITY CANNOT BE DELEGATED TO ANY OTHER PERSON.
Yes, Demanding the CAll money is a decision to be taken by the BOD, in their meeting, ehich requires the board resolution to be passed.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
SMJ global advisors pvt ltd
B.Com
Shyam Joshi & Associates
Pune
RAHUL KHANDEBHARAD & ASSOCIATES
Nashik
Virender K Gupta and Co
Post office
Anakapalle
Others
Malik Sunil & co
CA Foundation
India's largest network for finance professionals
Alternatively, you can log in using: