Sec.372A
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2011
Dear Members,
A public company given guarantee (within the limit) for the Loan to its subsidiary with out any resolution. But within 2 months of event Board understand the importance of resolution and want to ratify the action in the next Board Meeting.
Can it ratify the guarantee given earlier?
seeking your opinion / ideas, please.
Regards
K Degaleeswaran
A public company given guarantee (within the limit) for the Loan to its subsidiary with out any resolution. But within 2 months of event Board understand the importance of resolution and want to ratify the action in the next Board Meeting.
Can it ratify the guarantee given earlier?
seeking your opinion / ideas, please.
Regards
K Degaleeswaran
08 May 2011
ya Board can rectify the resolution earlier by passing a new resolution......
So.,,, Pass the new resolution
So.,,, Pass the new resolution
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