Hi all,
This is to ask you that what are the procedures for Demerger? can this be passed through circular resolution?
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Demerger
Replies (2)
In your case, circular resolution not applicable. Consent of members required and if you are listed company you can pass that resolution though postal ballot u/s 293(1)(a) as provided in section 192A of Companies Act read with Companies (passing of resolutions through postal ballot) Rules.
Thank you sir
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