Hello,
Can any body tel me the implications of not signing minutes books of EGM within prescribed period.
And what is the remedy for it?
Jyoti (Company Secretary) 16 November 2009
Hello,
Can any body tel me the implications of not signing minutes books of EGM within prescribed period.
And what is the remedy for it?
Ankur Garg (Company secretary) 16 November 2009
Hi,
There is no need to worry at all as there is no compulsion to submit the minutes with any authority with in 30 days. You may get then signed later as per the availability of chairman. But put the date of signing as per your requirement i.e. with in 30 days.
Regards
Jyoti (Company Secretary) 17 November 2009
Yes u r right Mr. Ankur.
But the problem is that chairman is not ready to sign minutes book in back date.
he said if he vl sign den only in present date
now u tel wat shuld we do?
Ankur Garg (Company secretary) 17 November 2009
Now this is certainly a big problem. Implications of not signing minutes books of EGM are very seroius in corporates i.e. your minutes and proceedings are zero in court or in front of any legal authority.
Try and convince your chairman.
Jyoti (Company Secretary) 17 November 2009
Thanks Mr. Ankur..
Pls also tel me the remedy for it?
is there any other remedy except convencing the chairman is available for not signing of minutes book within time period?
can we go for compunding of offence u/s 621A?
Suresh CSLLM (Service) 08 December 2009
The Chairman of a GM is duty bound to sign the minutes. He is liable for penal consequences for not signing the minutes. Try to convince the C on this ground.
Else, appoint chariman as per Articles of Assocaition of that company.
Suresh
Cs, LL.m
Jyoti (Company Secretary) 08 December 2009