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Company law

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(Querist)
15 April 2012 As per Section 149(2A) of companies act, if a public company start a new business,it need to pass a SR, so does it mean if a private company commence a new business which is not in its main object it requires to pass just a Board Resolution ?
Kindly suggest,
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Ajay Mishra

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Ajay Mishra (Expert)
15 April 2012 Hi

Yes, the provisions of section 149 will not apply to private company, so you can do so by general meeting or through Board meeting.


I will suggest you check your articles, what it says about that.

As a good corporate practice, i will suggest you to follow the general meeting procedure for this.

Regards
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Anuj Garg

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Anuj Garg (Querist)
16 April 2012 Thank u Sir,
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