Can board resolutions be passed outside of a board meeting?
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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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Can a company alter it's memorandum of association by passing an ordinary resolution with the prior sanction of Regional Director?
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Click here to view / answer Share it onIn a private limited company there are two directors Mr. A and Mr. B, company wants to enter into a contract in which Mr. A is interested for which Board Resolution is required to be passed, but there is only one director remains uninterested, then how to pass board resolution or will decision be taken in meeting of members?
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Please advise about the effective date of resolution passed by circulation:
Date when the resolution is sent to directors for approval
Date when the resolution passed by circulation is taken note of in the next board meeting
Date on which the majority of directors send their approval
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As per the MCA circular, MGT 14 is required to be filed for a resolution passed AGM conducted throughVC within 60days. However if I file form mgt-14 which is within the time limit o
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What will be the validity of the resolution passed under section 185 and 186? Whether it has to be passed every year ?