Resolution which can be passed by circulation

If a Company passes a resolution by Circular, whether it will fulfill the condition of one Meeting in a Quarter? List of Such resolution given above. Whether a prospectus can be approved in Board meeting through video conference. Whether delegation of power to Borrow money and invest fund is permissible. Delegation of powers to borrow money, invest funds is permissible but on unanimous resolution by board.

What will be the effective date of passing of Resolution? Resolution shall be deemed to have been passed on the last date specified for signifyingassent or dissent by the Directors OR. Details required to be mentioned in the Note of Circular Resolution.

Each business proposed to be passed by way of Resolution by circulation shall be explained by a note setting out the:- details of the proposal. What are the consequences when number of Directors falls below 3 in public company due to resignation of Director. There is no such format of the same.

Only the resolution along with necessary papers are to be sent. If any directors ate unaware of the circular resolution then a brief explanation to them regarding the same. In Sec Suppose 9 directors are there who are entitles to vote but out of them only 3 directors sent their reply within seven days of stipulated time, out of 3, 2 are in favor of resolution and one is against resolution.

No whether BOD should pass the resolution or cancel the resolution?? Your email address will not be published. Post Comment. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: bbfbdabff5dbd40bc. User Menu. Company Law Articles. CS Divesh Goyal. Name : CS Divesh Goyal. Member Since : 04 Jun Total Posts : View Full Profile. Extension of Annual General Meeting F.

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Do you know there are various types of resolutions that a company directors can pass? Read More. The new normal needs to blend law with technology. About the Author: Jaya Ahuja. She had written various articles and had done rigorous search on Companies Act Related Posts. Stay Updated.