Resolution by circulation

S. No.

Provision/Section 

Matter

1.

Section-262

Filling a casual vacancy in the Board

2.

Section-292

The power to:

(i)                  make calls on shareholders;

(ii)                issue debentures;

(iii)              borrow moneys otherwise than on debentures;

(iv)              invest the company’s funds;

(v)                make loans;

3.

Section-297

Board’s sanction for certain contracts in which particular directors are interested;

4.

Section-299

Disclosure to the Board of a director’s interest in a transaction of the company;

5.

Section-308

Disclosure to the Board of a director’s shareholding

6.

Section-316 & 386

Approval to the appointment of a person as Managing Director or manager in more than one company;

7.

Section-372A

Sanction for inter-corporate loan, investment or giving of guarantees or providing security.