Cute Garments Ltd., has recently obtained the status of dormant company. The Board of Directors seeks your advice about the required compliances in respect of the following: (iii) Meeting of Board of Directors
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2019
Cute Garments Ltd., has recently obtained the status of dormant company. The Board of Directors seeks your advice about the required compliances in respect of the following: (iii) Meeting of Board of Directors
Answer & Explanation:
In view of the provisions of Section 455 of Companies Act, 2013 read with Rule 3 to 8 of Companies (Miscellaneous) Rules, 2014, the Directors of Cute Garments Ltd., are required to carry out following compliances in respect of: Meeting of the Board of Directors A Dormant company is required to conduct at least one meeting of the Board of Directors in each half of a calendar year. Further, the gap between the two meetings should not be less than 90 days.
Topics: Companies Act, 2013
Related Questions in this Topic
- Discuss in brief when a company is declared as a vanishing company.
- Cute Garments Ltd., not carrying out any business activity, wants to apply to ROC to change its status from Active Compa...
- Rama Limited fails to maintain Statutory Registers under the provisions of the Companies Act, 2013, due to Lockdown. Wha...
- The Articles of Association of X Private Limited contains provisions for entrenchment under Section 5 of the Companies A...
- Vinod formed a single person economic activity in the form of One Person Company with his brother Kishor as its nominee....