Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under the provisions of the Companies Act, 2017 comment on each of the following independent situations: (i) (ii) (iii) Opticians Limited (OL), a listed

image text in transcribed 

Under the provisions of the Companies Act, 2017 comment on each of the following independent situations: (i) (ii) (iii) Opticians Limited (OL), a listed company, plans to appoint Yameen as an independent director of OL. Yameen was Head of Operations of Glasses Limited till December 2016. Glasses Limited is a subsidiary of Opticians Limited. Zafar was recently appointed as a Director of HP Limited, a listed company. In March 2018 the board of directors came to know that Zafar had been declared a defaulter by the High Court. Kalim is a director of Behaal Limited. On 1 October 2017 Kalim went abroad on a personal trip and returned back on 15 February 2018. He was unable to attend five board meetings which were held during this period. Unique Limited is due to hold its first annual general meeting on 20 April 2018. Under the provisions of the Companies Act, 2017 advise the directors with regard to the types of businesses which would be deemed to be special business and also discuss additional formalities which are required to be complied with in respect of notice containing special business.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer Ensuring Equitable Access to Clean Water A Multifaceted Analysis of Challenges and Solutions in Canadian Communities The issue of access to clean water in various communities across Canada is a ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions