A LISTED company intends to pass resolutions under section 293(1)(a), 293(1)(d) & 372A respectively
Can it pass these resolutions in its ensuing Annual General Meeting or is it mandatory to pass them or some of them through Postal Ballot. Please clarify quoting relevant provisions. Also suggest the kind of resolution (ordinary or special) to be passed in each of these cases.
As you have not mentioned the transaction find my response below:
For inter corporate investment postal ballot is not mandatory for a listed company.
Postal ballot is mandatory for a listed company in case of 293(1)(a) where there is sale (only sale of property) is proposed.
For section 293(1)(d) resolution postal ballot is not mandatory for a listed company.
REvert if there is any doubt.
agrred with ankur
Dear Sandeep,
Having same query as u have.......but as pre new Postal ballot rules 2011 372A is also mandatory,
but is it compulsory to take all these agendas through postal ballot, instead of passing it in the ensuing AGM
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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