In one Pvt Ltd Co, there are 3 shareholders and 2 directors.
In BOD meeting, directors are giving powers to themselves. All are interested.
Is it legally tenable?
Jayanta Bandyopadhyay 27 September 2024
In one Pvt Ltd Co, there are 3 shareholders and 2 directors.
In BOD meeting, directors are giving powers to themselves. All are interested.
Is it legally tenable?
T. Kalaiselvan, Advocate (Advocate) 27 September 2024
A power of attoney deed can be given by a principal to his power attorney agent.
Jayanta Bandyopadhyay 27 September 2024
Sir
Ultimately decisions are taken by 2 directors both interested in the resolution. How to ensure unbiased call in such a scenario. Attorney agent follows directors mandate..then how to fix it. Family owned business. No outsiders. Frequently they deal with other Co, llp, pvt co- all are held by same family.
Auditors are silent-blind
Please guide
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