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    Passing Board Resolution

    Posted By : Sohil / Published on : 16-Jan-2023 04:32 AM / View : 256 / Comment : 0

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    Dear All,

    XYZ Pvt. Ltd., has two director X and Y. The shares of the company are held by X, Y and Z in the ratio 40%, 40% and 20%, Z is however not a director. The company desires to enter into a contract in which X is interested where a Board resolution is required. How can the Board resolution be passed since there will be only one uninterested Director and Z is not a director?
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