is it necessary to pass a resolution by a pvt. ltd company to buy machinery or make building etc?
suppose a company formed and make building bought machiery in huge quantity, then also is it necessry to pass any kind of resolution?
arun (ca student) (194 Points)
01 July 2008is it necessary to pass a resolution by a pvt. ltd company to buy machinery or make building etc?
suppose a company formed and make building bought machiery in huge quantity, then also is it necessry to pass any kind of resolution?
Rekha Sharma
(Company Secretary)
(167 Points)
Replied 01 July 2008
It is better to pass the board resolution .
Whether the decisions will be taken by passing the board resolution or otherwise depends on the culture of the company .
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