resolution
This query is : Resolved
10 August 2009
can any one provide me any section or case law(s) for establishing the fact that "passing of a resolution does not create any legal obligation on the company"
Guest
Guest
(Expert)
28 September 2009
Your concept is totally wrong.
Because when you circulates the notice for meeting for passing the resolution, You Initiates activity.
And
Passing the resolution, in meeting means that company has accorded to that activity and now only procedural step is left to do.
Look at the Constitutional Concept: Means Rea.
Which says the Guilty mind.
When the resolution is passed against the law, the company becomes guilty of that act.
Because when you circulates the notice for meeting for passing the resolution, You Initiates activity.
And
Passing the resolution, in meeting means that company has accorded to that activity and now only procedural step is left to do.
Look at the Constitutional Concept: Means Rea.
Which says the Guilty mind.
When the resolution is passed against the law, the company becomes guilty of that act.
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
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
