Regarding postal ballot

This query is : Resolved 

28 November 2013 If the postal ballot is conducted in the nov. 2011,and the resolution was considered passed in dec. 2011, Now my query is whether this resolution is valid in the year 2013 also? Means till what time this resolution is valid.

28 November 2013 Its depend on the resolution passed under which sections, some section impose restriction on it about their validity.

28 November 2013 it was for section 372A

28 November 2013 It was for section 293(1)(a) & 372A

28 November 2013 It will be valid, until you are not crossing the limit as passed by shareholder. You are taking loan in excess of the limit as approved by shareholders in PB then you will go for an other shareholders approval.

28 November 2013 Section 293 (1)(a) does not impose any tile line restriction.


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