Circular Resolution

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Priya Sharma (Querist)
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02 August 2010 Hiii friends

A Company had passed a cricular resoltuion on 28th April 2009 and till date it has not been included in the Board Minutes....We need to prepare the Board Minutes for 18th May 2010.

So my question is whether we can include it in the Board Minutes of 18th may 2010.??

Is there any time limit within which the circular resolution should be included in the Minutes.??

Please suggest as it is urgent.

Regards

Priya Sharma

Jagruti (CS)

Jagruti (CS) (Expert)
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02 August 2010 Hi Priya,

In Companies Act there is no rule that Circular resolution need to be recorded in minutes or any time limit.

But as per Secretairal Standard 7 every Circular resolution needs to be recorded in the next Board Meeting. Hence if no meeting was held between 28th April 2009 to 18th May 2010. than you can record else include in the Board Meeting immediately after 28th April 2009.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 August 2010 Yeah... agree.

but in legal scenario, it is not likely that NO board meeting was held during 28th Apr,09 to 18th May 2010.

You have to have at least one in quarter

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