Circular resolution
This query is : Resolved
05 October 2011
A private limited company has two directors. One Director in India and One Director abroad. Since only one Director is in India a Board meeting could not be convened for want of quorum. Can it pass a Circular Resolution approving transfer of shares.
05 October 2011
U can pass Circular resolution subject to following conditions.
1] Board meeting is adjourned and some matter is pending.
3] Business matter is of routine in nature.
4] Some emergency has arisen to meet the emergency some action is necessary
If above conditions are satisfied then u may pass a circular Resolution.
1] Board meeting is adjourned and some matter is pending.
3] Business matter is of routine in nature.
4] Some emergency has arisen to meet the emergency some action is necessary
If above conditions are satisfied then u may pass a circular Resolution.
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05 October 2011
Dear Pravin,
Thanks for your reply. My question is can a circular resolution be passed if one director is in India and another director is in US for approving transfer of shares for a private limited company which has only 2 directors on its board.
Thanks for your reply. My question is can a circular resolution be passed if one director is in India and another director is in US for approving transfer of shares for a private limited company which has only 2 directors on its board.
06 October 2011
You may refer to recent circular on web conference meeting issued by mca. This will solve your issue.
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