Ø The Board’s Report should avoid repetition of information. Section 175 of the companies act comes into picture only when the AOA has not provided anything in regard to the chairman of the board. (2) A resolution shall be a special resolution when—. 2. (i) the consideration of financial statements and the reports of the Board of Directors and auditors; (iii) the appointment of directors in place of those retiring; (iv) the appointment of, and the fixing of the remuneration of, the auditors. A Company being an artificial person, any decision taken by it shall be in the form of a Resolution. If any information is mentioned elsewhere in the financial statement, a reference thereof should be given in Board’s Report instead of repeating the same Ø The Companies Act, 2013, mandates certain disclosures to be made in the Board’s Report. SlideShare Explore Search You. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to … It states: “(1) A resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast, whether on a show of hands, or electronically or on a poll, as the case may be, in favour of the resolution, including the casting vote, if any, of the Chairman, by members who, being entitled so to do, vote in person, or where proxies are allowed, by proxy or by postal ballot, exceed the votes, if any, cast against the resolution by members, so entitled and voting. Contribution to bonafide charitable and other funds an amount >5% of its average net profits for three immediately preceding financial years, to be done by passing ordinary resolution. For alteration of Article of Association of the Company. SR passed in General Meeting authorizing buy-back of shares. PRAMOD … SR required or consent of 75% of shares holders required for making an application to the ROC for striking off the name of the Company. APPOINTMENT OF THE CHAIRMAN. … To fill the vacancy in the office if official liquidator caused by death of liquidator, removal, resignation or otherwise. Vandana J Doshi, TDS Rates applicable for FY 2021-22 or AY 2022-23, Bhramar Jain, All India Topper (AIR-1), CA Final, Jan 2021 in an exclusive interaction with CAclubindia. Now we present Board Resolution for cessation of Director whom died. As per the relevant regulations of Article of Association (AOA) of the Company and relevant Sections casts various powers, obligation and functions for the chairman. Where a company has share capital of different classes, the rights attached to any class of shares may be varied by consent of members holding ¾ th of the shares issued of that class or by a SR passed in their meeting. Chairman of Board Meeting Under Companies Act 2013. IN CASE OF A PRIVATE LIMITED … Other Articles by - A company may, by ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242 (Oppression and Mismanagement. Professional Course, India's largest network for finance professionals, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning and Statistics, Business Economics and Business and Commercial Knowledge, Enterprise Information Systems and Strategic Management, Financial Management and Economics For Finance, Information Technology and Strategic Management, Advanced Auditing and Professional Ethics, Strategic Cost Management and Performance Evaluation, Direct Tax Laws and International Taxation, Jurisprudence, Interpretation and General Laws, Setting up of Business Entities and Closure, Secretarial Audit, Compliance Management and Due Diligence, Corporate Restructuring, Valuation and Insolvency, Governance, Risk Management, Compliances and Ethics, Operations Management and Strategic Management, Cost and Management Accounting and Financial Management, Indirect Taxation (Including Customs Act), Strategic Cost Management - Decision making, Indirect Tax Laws and Practice (Including Customs Act), Strategic Performance Management and Business Valuation, Fundamentals of Business Mathematics and Statistic, Resolutions under the Companies Act, 2013, Learning Excel: Shortcut keys using Ctrl Tab, 10 Significant Changes in Income Tax w.e.f 1st April 2021, Income Tax Deductions FY 2020-21 / AY 2021-22, Learning Excel: Shortcut keys using Alt Key, GST Update - Quoting of HSN on Tax Invoices, Tax planning & To do list before 31st March 2021 - Capital gain tax perspective.
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