Resolution by circulation
This query is : Resolved
12 September 2014
my question is can a resolution for allotment of shares can be passed by circular resolution. ??
plz reply
15 September 2014
No.
Pursuant to Section 179(3)(c) of the Companies Act, 2013 power to issue securities, including debentures, whether in or outside India shll be exercise by the Board by means of resolutions passed at the meetings of the Board.
Pursuant to Section 179(3)(c) of the Companies Act, 2013 power to issue securities, including debentures, whether in or outside India shll be exercise by the Board by means of resolutions passed at the meetings of the Board.
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