"Calling of Board Meeting on shorter notice-Pvt. Co."

[Yogesh Pahuja]

As per Section 173 a board meeting can be called by giving notice for a period of less than 7 days provided atleast one independent director is present at the meeting. In light of this how can a private company (not required to appoint independent director) can call a board meeting at shorter notice.

Regards

Yogesh Pahuja

[sonam jain]

 As per proviso to section 173 (3) 

Provided that a meeting of the Board may be called at shorter notice to transact urgent

business subject to the condition that at least one independent director, if any, shall be

present at the meeting:

Provided further that in case of absence of independent directors from such a meeting

of the Board, decisions taken at such a meeting shall be circulated to all the directors and

shall be final only on ratification thereof by at least one independent director, if any

Kindly Note the word IF ANY

That means all the companies can call a BM with a shorter notice

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[Yogesh Pahuja]

Very thanks Sonam.

[CS A Rengarajan]

can  any  body  give  definition  for  urgent  business  and  how  it  will  be  decided   and  who  will  decide  whether  particular  business  is  urgent  or  ordinary?

There  is  no  definition  for  urgent  business  neither in  the  act  nor  in  the rules  or  no where  it  has been clarified

Members  views  solicited.

regards.

On Wed, Jun 18, 2014 at 4:47 PM, sonam jain <satyam...@gmail.com> wrote:

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A.Rengarajan

Company  Secretary

Chennai

93810  11200

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[R V Seckar]

According to me , a pvt ltd can convene a BM at a shorter notice if it is consented by all the directors of that company.

Regards

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R.V.Seckar

Mobile- 09848915177

Pl do visit my blogs :

http://www.rvseckarcompanylaw.blogspot.com/

http://rvseckarfema.blogspot.com/

http://rvseckarindianlaws.blogspot.com

 

http://rvseckarincometaxcaselaws.blogspot.in/

[CS A Rengarajan]

I  am  talking  about  urgent  business  definition as well  as  who  will  decide  urgent  business

regards​

[gauri mishra]

it is consented by all the directors of that company in pvt company........

[CS A Rengarajan]

it  is  not  private  company  and  i  am  asking  the  what is  meant by  urgent business and  who  will decide  urgent business

As per Section 173 a board meeting can be called by giving notice for a period of less than 7 days provided atleast one independent director is present at the meeting.

As per proviso to section 173 (3) Provided that a meeting of the Board may be called at shorter notice to transact urgent
 business subject to the condition that at least one independent director,  if any, shall be present at the meeting: Provided further that in case of absence of independent directors from such a meeting  of the Board, decisions taken at such a meeting shall be circulated to  all the directors and  shall be final only on ratification thereof by at least one independent director, if any

regards

[periwal...@gmail.com]

Kindly apply the general meaning to it.

 

 

If any business cannot be withheld upto calling of next Board meeting or by calling BM through proper means i.e. by giving atleast 7 days notice to directors, may be called as urgent business.

[sonam jain]

Agree with Vandanaji

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[SUDHIER KUMAR GUPTHA]

It is not just pvt ltd company, even for public ltd cos, till Independent directors are appointed or till the expiry of time limit mentioned in the act/circular/rule same excemption " consented by all the directors" shall be applicable.

"Urgent business " is not defined,  to categorise any business item as urgent business is at the discretion of Board.

On Sat, Jun 21, 2014 at 10:58 AM, gauri mishra <csgauri...@gmail.com> wrote:

[MOHIT SALUJA]

Dear Sir/ Madam

                         Greetings of the Day.

Have anyone the format of shorter consent for holding EGM.

Regards,
CS Mohit Saluja

Mohit Saluja & Associates
Company Secretaries,

2nd Floor, Malhotra Complex, 

Sehdev Market, Jalandhar City,

Punjab-144001
9914558709

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