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Please Help: Sec 149 Woman Director

Posted Date : 09-Mar-2016 , 02:30:31 pm | Posted By: Vineet Kumar

Category : Corporate Law | Answers : 0| Comments : 0| Hits: 334

A woman director was appointed in an unlisted public company on 30.09.15. The turnover of the company as per latest audited balance sheet is Rs 350 crores for FY 2014-15 & paid up share capital is Rs 80 crores. What are the consequences if turnover for FY 2015-16 is Rs 290 crores, for FY 2016-17 is Rs 295? crores & for FY 2017-18 is Rs 280 crores.

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