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sangeeta jain (Querist)

19 December 2011 A company ABC pvt. ltd. has incorporated its foreign subsidiary company & has made investement in it by passing board resolution by circulation. Majority of directors has assented the same and investment has been made.One of the director who has dissented is now objecting that the above resolution should be passed at actual Board Meeting as required as per section 292 of Company's Act, 1956 . please give the remedy for the same, if any.

Charu Srivastava

Charu Srivastava (Expert)

19 December 2011 Your Director is correct. Follow the below link in which some illustrative list is given which an not be passed through circulation

https://www.icsi.edu/WebModules/Publications/FINALSS7.htm

sangeeta jain

sangeeta jain (Querist)

20 December 2011 thank you mam but i want to know the remedy .investment hav been made

sangeeta jain

sangeeta jain (Querist)

07 January 2012 A company ABC pvt. ltd. has incorporated its foreign subsidiary company & has made investement in it by passing board resolution by circulation. Majority of directors has assented the same and investment has been made.One of the director who has dissented is now objecting that the above resolution should be passed at actual Board Meeting as required as per section 292 of Company's Act, 1956 . please advise to rectify the same.

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