Resolution to be passed for inter corporate invt beyond 60%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2014
Dear sir/mam,
As per sec 186 share holders approval by way of special resolution is mandatory but Board Resolution is also required to be passed for same purpose as per sec 179 of Companies Act,2013..
As per sec 186 share holders approval by way of special resolution is mandatory but Board Resolution is also required to be passed for same purpose as per sec 179 of Companies Act,2013..
Ankur Garg
(Expert)
05 September 2014
Yes you opinion is right.
First you have to pass board resolution for taking in-principle approval of board for inter-corporate investment beyond 60%.
In that BM also pass a resolution calling EGM.
Thanks
First you have to pass board resolution for taking in-principle approval of board for inter-corporate investment beyond 60%.
In that BM also pass a resolution calling EGM.
Thanks
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