In case of regularisation of additional director at AGM, provsions of sec 160 is to be complied. My query is when the director gets regularised at AGM can the company forfeit that deposit money of rs 1 lac?
In case of regularisation of additional director at AGM, provsions of sec 160 is to be complied. My query is when the director gets regularised at AGM can the company forfeit that deposit money of rs 1 lac?
That means if gets appointed as regular director, company has to refund the deposit.
That means if he gets appointed as regular director thn company has to refund the deposit.
Karia Overseas
Ahmedabad
CA
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
