Mgt 14 exemption

PRIVATE COMPANY:
“As the effective date of exemption notification applicable to private company is 05.06.2015 (thereby u will not be required to file resolutions passed under section 179(3)), u can hold board meeting on following important matters (few of them) on or after 05.06.2015 to avoid ROC filing:
- To borrow monies;
- To Invest the funds of the company;
- To grant loans or give guarantee or provide security in respect of loans;
- To approve financial statement and board’s report;
- To take note of disclosure of director’s interest and shareholding”