UrbanPro
true

Take Company Secretary (CS) Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

CS module 1 board and it's director s

Krishan Singh
22/10/2018 0 0

Board & Its Powers
DIR shall exercise power (conferred by AOA ) bona fide & interest of CO. DIR are not agents of Majority of Members or even all Members & Members cannot by resolution supersede the powers of DIR. & Powers of Management are vested with DIR.

From the Provisions of Sec 179 & restrictions U/ Act / MOA / AOA : power of DIR are co existive w/ tht of CO.
Section 173 --------- Meeting of Board.

First Meeting to be held within 30 days of incorp. (+) every year atleast 4 B/M with not more thn 120days b/w 2 meetings
(SS -1) plus where co incorporated must in 30 days hold B/M and one B/M in each quarter.
In case of Dormant/OPC/Small Co.: At least one B/M every half calendar year with gap b/w 2 meetng not less thn 90 dy
• Sec 8 co to hold 1 b/m every 6 mnths.
NOTICE of B/M:: (application of SS)
Atleast 7 days before meeting (SS – 1 states addntl 2 days for speed post or reg. post) &
If meeting called on SHORT NOTICE than 1 ID to be present, if not present than desicin shall be ratified by ID .
As good governance Agenda shall be sent with Notice 7 days prior.
Requirement & Procedures of convening B/M:: RULE 3 of Co(Meeting of Board & its Powers)rules 2014
Arrangement of A/v conferencing (option available to attend meeting in A/v mode be sent with NOTICE Section173(3).
Dir who opts to attend by A/v mode shall inform CHAIRPRSN of BOD and such option by DIR is valid for 1 year else it is deemed tht every DIR to attend in person.
At commencement of meet chairprsn shall ROLLCALL for record (for DIR participating through A/v) after tht
Chairman or CS shall inform Quorum present and person othwer thn DIR present there w/ permission.
MINUTES to include names of DIR through A/v also.
Within 15 days minutes shall be circulated among all DIR & DIR must approve/comment in 7 days of receipt of same or its deemed to be approved.
After completion minutes to be entered in Minutes book and signed by CHair prsn.
Items not to be dealt with A/v MODE:: Approval of F/s or B/report or Prospectus or matters of amalgamation, merger ,demerger etc.

0 Dislike
Follow 2

Please Enter a comment

Submit

Other Lessons for You

Income Tax Basics
Everyone who earns or gets an income in India is subject to income tax. (Yes, Indians living abroad too). Your income could be salary, pension or could be from a savings account that’s quietly accumulating...
F

Is accountancy science and art? Explain ?
Is accountancy science and art?:--Accountancy plays a very important role in these days of growing commercial and trade. Frequently various laws and Acts like—Company’s Act, M.R.T.P. Act are...
K

A short Concept of Dividend in Accountancy :--
A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock,...
K

Financial Statements
At the end of the accounting period the accounting books are closed and financial statements are prepared. Financial statements are a collection of reports about an organization's financial status. The...

Most valuable learning tip - Keep mind fresh!
Before sitting to read, keep your mind fresh. Remove all unnecessary thoughts. Then only things will get register in mind!! All the best..
C

CA. CS. Mitali Trivedi

0 0
0
X

Looking for Company Secretary (CS) Coaching Classes?

The best tutors for Company Secretary (CS) Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Company Secretary (CS) Coaching with the Best Tutors

The best Tutors for Company Secretary (CS) Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more