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Resolution by circulation

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(Querist)
12 September 2014 my question is can a resolution for allotment of shares can be passed by circular resolution. ?? plz reply
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 September 2014 No.

Pursuant to Section 179(3)(c) of the Companies Act, 2013 power to issue securities, including debentures, whether in or outside India shll be exercise by the Board by means of resolutions passed at the meetings of the Board.

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