372a
This query is : Resolved
SATABDI SEN GUPTA
(Querist)
05 July 2012
For giving loans or extending guarantee or providing security in excess of the limits prescribed u/s 372A(1), can a listed company obtain approval by passing SR in general meeting or should the resolution be passed by postal ballot only?
CS Suraj Arora
(Expert)
08 July 2012
Dear Satabdi Sen Gupta
You do have to pass the above said resolution by Postal ballot as per Companie( Passing of resoltuions by Postal ballot)Rules 2001. For more information find the below link which will clarify your doubt:
https://www.mca.gov.in/Ministry/actsbills/rules/TCPotRbPBR2001.pdf
Regards
Suraj Arora
You do have to pass the above said resolution by Postal ballot as per Companie( Passing of resoltuions by Postal ballot)Rules 2001. For more information find the below link which will clarify your doubt:
https://www.mca.gov.in/Ministry/actsbills/rules/TCPotRbPBR2001.pdf
Regards
Suraj Arora
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