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as per act a Board meeting can be held anywhere in the world, it means we can issue share certificates also at any place wherever the Board meeting is held( requirement of common seal being made optional) and also get the financial statements signed at a place outside India if majority of Directors are Foreigners?

Board Meeting

Posted By: Anita 9 year(s) ago

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Ankush Lawate

There is no bar for place of board meeting and also the share certificate can be issued at any place..stamp duty issue may arise in this case...if share certificates are issued in India, stamp duty is applicable as per the respective state's stamp act (no matter where is registered office)...Annual accounts can be approved at the board meeting held at any place provided meeting should be physical not conference meeting.

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