section 300 and 287....Does section 300 supercede sec 287
This query is : Resolved
06 August 2010
all the directors of a pvt ltd company are interested in a contract under section 297. in that case how to pass a Board resolution for taking prior approval of RD???
Section 300 exempts pvt company ....does dat mean v do not need to comply with section 287???
Thanks in anticipation
all the directors of a pvt ltd company are interested in a contract under section 297. in that case how to pass a Board resolution for taking prior approval of RD???
Section 300 exempts pvt company ....does dat mean v do not need to comply with section 287???
Thanks in anticipation
06 August 2010
Even Sec 287 states that there should be disinterested quorum at Board Meeting.
So you can pass 297 resolution for absence of quorum.
Thus, you have to pass ordinary resolution at general meeting.
So you can pass 297 resolution for absence of quorum.
Thus, you have to pass ordinary resolution at general meeting.
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