What happen when CS thinks to get married?
A number of question come in mind for example:
1. Firslty a resolution is required to be passed but whether in a board meeting or in a AGM, the purpose of which will be to see a guy for marriage.
2. Whether the notice of the meeting(invitation for the first meeting)should necessarily contain the detailed agenda?(i.e. the particulars of the guy)
3. How many persons will constitute the quorum i.e. only the family members will go for the first meeting or all the relatives are to be invited.
4. Whether section 299(regarding disclosure of interest)(in case of love marriage only) is applicable or not?
5. Who shall sign the minutes of the meeting to show that meeting was conducted properly
6. To how may persons the wedding card is required to be circulated and at what is the time limit for the same(how many days before the marriage)? Further if any penalty is provided for delay in the said circulation or merely a request to the registrar(relatives/friends) will be sufficient to condone the delay?
7. Applicablity and the ceiling u/s 372(inter corporate loans and investments)(i.e. how much amount parents can give to daughter on her wedding occasion)
8. Whether the amount given above will form part of General Reserve and will be available for writing off the marriage expenses.
9. Who shall maintain the register of members u/s 301(i.e. the prospective childrens(s))
10. And Board Meeting on very important critical matters like:
a) Assignment of Duties (caring for children, cooking, washing utensils: how to share between the partie under Merger and Amalgamation);
b) How the income from operations from both sides will be shared and spent?
11. Explanatory statement U/s 173 to be given in the notice of General Meeting i.e Object of the marriage, qualification & full disclosure of the interest etc.
Also will he/she be appointed on the rotational basis
When a number of questions are arising at the time of planning marriage now you can think what will happen after marriage?
At least AGM shall be convened every year !!!!!!!
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