Section 192A of Companies Act,1956
This query is : Resolved
15 December 2009
Can an unlisted company pass a resolution by postal ballot? please substantiate your reply by quoting Section or case law. Reply as soon as possible.
15 December 2009
No, The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 - Rule 3 says "These rules shall be applicable to listed companies and in case of resolutions relating to such business as are specified in rule 4."
Hence for unlisted companies, these rules are not applicable.
Regards
CS Pawan Kumar Baid
Hence for unlisted companies, these rules are not applicable.
Regards
CS Pawan Kumar Baid
15 December 2009
Agree
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