Rescission of board resolution
This query is : Resolved
24 June 2009
Can we rescind a resolution passed in a Board Meeting?
Please reply
Please reply
24 June 2009
Hi,
Yes you can rescind a resolution passed in a Board Meeting.
As decided in Cawley & Co. in re. (1889) a resolution can be rescinded or varied already recorded and signed in the minute book by passing a fresh resolution modifying the earlier resolution.
The earlier resolution becomes ineffective and is rescinded from the date of passing the new resolution.
Regards
Yes you can rescind a resolution passed in a Board Meeting.
As decided in Cawley & Co. in re. (1889) a resolution can be rescinded or varied already recorded and signed in the minute book by passing a fresh resolution modifying the earlier resolution.
The earlier resolution becomes ineffective and is rescinded from the date of passing the new resolution.
Regards
24 June 2009
Also remember one thing that the company would be liable to third parties for anything done in pursuance of the earlier resolution during its currency.
Regards
Regards
24 June 2009
completely agree with Ankur
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- ITC of GST for landlord Rental Income
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
