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
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
