If the company sells 25% of one of its units undertaking is it necessary to conduct postal ballot under sec 293 (1) (a)?
Menu
Postal ballot
Replies (2)
Hello,
Yes approval of share holders by ordinary resolution is very much required in your case u/s 293(1)(a).
But this approval through Postal Ballot is mandatory only if your company is a Listed Company.
If your company is not a listed company then there is no need to go for Postal Ballot. You may pass the resolution by holding physical general meeting.
Revert if there is any doubt.
Regards
Next time I would request you to please post these kind of queries in the corporate law forum for quick response.
Regards
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
