Resolution by circulation

Matters which require sanction at Board Meetings, and not by circulation

There are certain matters in reference to which the provisions of the act would require a resolution at an actual Board Meeting and not one by circulation. They are as follows:

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.