05 September 2016
Can a quorum is valid if resolution passed by circulation for allotment of equity shares on right basis and resolution is circulated by hand at the registered address of the directors? Please advise the same.
07 September 2016
A draft resolution need to be circulated to All Directors including Interested Directors in duplicate, along with necessary papers, at their address registered with company in India.
The resolution should be considered as ‘Sanctioned/ Passed’. When it has been approved by majority of Board of Directors or Committee members, who are entitled to vote on the Resolution
CAclubindia
