Under sec 184 , Will a director , who is interested in a contract proposed to be discussed in a board meeting, be refrained from participating in the entire meeting or only in the discussion and subsequently voting on such contract , where such meeting has other business to be transacted as well ?
2 Replies
CS Smreti
(cs)
(641 Points)
Replied 23 March 2018
interested director has to exxuse himself for the entire agenda item.
Jatin Bajaj
(CS)
(2930 Points)
Replied 24 March 2018
But for the private Limited Company interested Directors can participate in meeting after discussion of agenda item in which Director is interested as some private limited company have 2 Directors so for purpose of better governance and requirement of forming qurum, such directors are relaxed from aforesaid provisions in case of private limited company
Recent Topics
- Income Tax Rectification-TDS not claimed in ITR
- Gst Amendment HSN summary
- Unable to get some value eligible for claim in old
- Tax payment adjustment
- Accounting in Fintech companies
- Section 80DD Deduction Filing Error
- Which Form I have to fill - ITR1 or ITR2
- INTEREST EARNING IN USD AND JPY FCNR REPORTING IN
- ONLING FILLING ITR2 FOR PENSIONOR
- Sold Shares and purchased Open plot
Related Threads
Trending Online Classes
CAclubindia
