The Section states that minimum 2 persons personally present shall form a quorum for a general meeting in a private company. SS-2 clarifies that proxies cannot be counted for quorum. I work for a Pvt. ltd. co. We have 1 corporate shareholder and 1 individual shareholder. Both are foreign nationals. They cnnot come to India for general meetings. The individual foreign shareholder cannot appoint a proxy. Now, how can I hold a valid general meeting in India.
Posted by neelam shah on 06 Jan 2017
Section 143 Powers and duties of auditors and auditing standards.You should be login to post your answer, post your comment, like, dislike. To login Click Here