Hi All,
A Pvt. Ltd. co., - ABC Pvt. Ltd. has only 2 members who are also the 2 lone directors of the Company.
Out of the 2 directors, 1 director stays abroad and has not visited India from last 2 years and no Board Meeting or AGM is held for last 2 years, as a result of which Balance Sheets of the last 2 years are not adopted.
What are the consequences & the most appropriate remedy/compliance ??
Thanks in Advance,
Ravi.
CAclubindia
