What happens if BoD of a company failed to meet once in every quarter as per Companis Act?
Srikanth D (Occupied.) (168 Points)
29 May 2013What happens if BoD of a company failed to meet once in every quarter as per Companis Act?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 29 May 2013
Company and every officer who is in default shall be punishable with fine upto Rs.5,000/- u/s 629A.
Srikanth D
(Occupied.)
(168 Points)
Replied 31 May 2013
| Originally posted by : P C Agrawal | ||
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can you mention any link(website) which explains above section in detail?
thanks |
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Pawan Mittal
(CA Final)
(702 Points)
Replied 01 June 2013
Yes Dear Shrikant, provisions of section 285 are applicable for public as well as private companies.
Pawan Mittal
(CA Final)
(702 Points)
Replied 01 June 2013
Yes Dear Shrikant, provisions of section 285 are applicable for public as well as private companies.
Srikanth D
(Occupied.)
(168 Points)
Replied 02 June 2013
| Originally posted by : Pawan Mittal | ||
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Yes Dear Shrikant, provisions of section 285 are applicable for public as well as private companies. |
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thank you!
Dhruvi N suthar
(Account Executive)
(303 Points)
Replied 26 June 2013
P C Agrawal Company Secretary [ Scorecard : 1088] Posted 27 days ago Company and every officer who is in default shall be punishable with fine upto Rs.5,000/- u/s 629A.
Read more at: /forum/meeting-of-board-of-directors-of-a-company-250939.asp
As far as i kow its 500 rs & if Contravention continue 50rs for every day.
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