Defect in Form MGT-7
Posted By :
CS Gaurav /
Published on :
27-Jun-2018 01:22 AM /
View :
838 /
Comment :
0
Dear All,
It seems to me that form MGT-7 is defective, because in point VIII(A) where number of Directors as on 31st March should be given.
I feel its wrongly made, because if 1 of 2 directors died on 31st march is it possible to appoint a director on 31st March or very unfortunately if both 2 directors were accidently killed, then just for the sake of form MGT-7 is it possible to appoint directors on 31st March.
Sec 174 says if No quorum is there for the purpose of the quorum he can appoint a Director, so one can appoint as per the provisions of the act.
Then as per sec.152 Director shall give his consent to act as director, then obviously as per the spirit of the law/ intent of the law, he has to give his consent on the date when he is getting appointed(NOT on BACK DATED). IS IT possible to ask someone to give consent letter on 31st March Where 1 of the both Director was died.
Is it possible to hold a person not to die on 31st march? Death is act of god, how this Form MGT-7 Would not accept when only 1 Director on the Board.
Any other views are solicited.
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Posted By : Gaurav /
Published on :
02-Jul-2022 09:28 AM /
View :
3350 /
Comments : 4
Please tell us the NIC code for NGO as Section 8 Company
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Posted By : Gaurav /
Published on :
20-Aug-2021 08:34 AM /
View :
1541 /
Comments : 3
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Posted By : Gaurav /
Published on :
20-Aug-2021 08:31 AM /
View :
1083 /
Comments : 0
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Please help if you have any experiences as such.
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Posted By : Gaurav /
Published on :
20-Aug-2021 08:28 AM /
View :
950 /
Comments : 2
Hi Members,
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Posted By : Gaurav /
Published on :
13-Jul-2021 07:11 AM /
View :
5682 /
Comments : 3
Hi Everyone,
While filing eForm INC-24 and filling MGT-14 Form filing date, the error is showing as a java pop that
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Kindly help.
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Posted By : Gaurav /
Published on :
12-Jul-2021 06:58 AM /
View :
1061 /
Comments : 0
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Posted By : Gaurav /
Published on :
30-May-2021 03:07 PM /
View :
617 /
Comments : 2
Hi CC Members,
According to you what are the best instruments for startup funding?
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Posted By : Gaurav /
Published on :
14-May-2021 09:54 AM /
View :
654 /
Comments : 1
Dear CC Members,
I wish to know from you which instrument is most viable for a startup?
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b) Convertible Notes
c) CCPS
d) Any other
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