resolutions
This query is : Resolved
12 July 2009
What are the resolutions required to be passed at the Board meeting only i.e. can not be passed through circulation.
12 July 2009
Section 292 of the companies act deals with certain powers to be exercised by Board only at the Board meeting
(a) to make calls on shares
(b) to borrow money otherwise than on deb.
(c) to invest funds of the company
(d) to make loans.
(a) to make calls on shares
(b) to borrow money otherwise than on deb.
(c) to invest funds of the company
(d) to make loans.
13 July 2009
Hello Manmohan,
Find desired information:
Matters which require sanction at Board Meetings, and not by circulation
There are certain matters in reference to which the provisions of the act would require a resolution at an actual Board Meeting and not one by circulation. They are as follows:
S. No. Provision/Section Matter
1. Section-262 Filling a casual vacancy in the Board
2. Section-292 The power to:
(i) make calls on shareholders;
(ii) issue debentures;
(iii) borrow moneys otherwise than on debentures;
(iv) invest the company’s funds;
(v) make loans;
3. Section-297 Board’s sanction for certain contracts in which particular directors are interested;
4. Section-299 Disclosure to the Board of a director’s interest in a transaction of the company;
5. Section-308 Disclosure to the Board of a director’s shareholding
6. Section-316 & 386 Approval to the appointment of a person as Managing Director or manager in more than one company;
7. Section-372A Sanction for inter-corporate loan, investment or giving of guarantees or providing security.
Regards
Find desired information:
Matters which require sanction at Board Meetings, and not by circulation
There are certain matters in reference to which the provisions of the act would require a resolution at an actual Board Meeting and not one by circulation. They are as follows:
S. No. Provision/Section Matter
1. Section-262 Filling a casual vacancy in the Board
2. Section-292 The power to:
(i) make calls on shareholders;
(ii) issue debentures;
(iii) borrow moneys otherwise than on debentures;
(iv) invest the company’s funds;
(v) make loans;
3. Section-297 Board’s sanction for certain contracts in which particular directors are interested;
4. Section-299 Disclosure to the Board of a director’s interest in a transaction of the company;
5. Section-308 Disclosure to the Board of a director’s shareholding
6. Section-316 & 386 Approval to the appointment of a person as Managing Director or manager in more than one company;
7. Section-372A Sanction for inter-corporate loan, investment or giving of guarantees or providing security.
Regards
13 July 2009
You may also visit my article regarding resolution by circulation at the following link:
https://www.caclubindia.com/articles/article_list_detail.asp?article_id=2083&article_title=Passing%20of%20Board%20resolution%20by%20circulation%20under%20Section%20289
Regards
https://www.caclubindia.com/articles/article_list_detail.asp?article_id=2083&article_title=Passing%20of%20Board%20resolution%20by%20circulation%20under%20Section%20289
Regards
13 July 2009
Thanks
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- SFT Cash Deposit in Current Account
- Copyright software
- Multiple trade mark
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY....../
- Transporter Declaration form
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
