Consent of shareholder in amalgamation

Mrs.n (CS, LL.B ) (407 Points)

29 March 2018  

FACT  :-

The Unlisted Public Transferor and Transferee Company is taking notarised consent from shareholders for Amalgamation , approval of scheme and dispensing the meeting etc.

When the shareholder is company, Director will sign the Consent etc on behalf of the Company .

Board resolution will require for giving the authority to Director for signing this consent and all the releveant documents .

QUERY :-

  1. WHETHER THE SHAREHOLDERS WHO IS COMPANY CAN AUTHORISE THE DIRECTOR TO SIGN THIS CONSENT  through CIRCULAR RESOLUTION ?? shareholder company is listed Company.

PLEASE SUGGEST