section 293(1)(d)
This query is : Resolved
12 May 2010
please let me know that what kind of resolution is passed under section 293(1)(d) of the companies act, 1956?? whether it is an ordinary or special??/
thankzzz in advance...
thankzzz in advance...
Narendra Verma
(Expert)
12 May 2010
Dear Mayuri,
It is ORDINARY RESOLUTION
under setion 293(1)(d).
Further you need to pass OR only when the propose borrowing alongwith money already borrowed by the company exceed the paid up capital and free reserves.
It is ORDINARY RESOLUTION
under setion 293(1)(d).
Further you need to pass OR only when the propose borrowing alongwith money already borrowed by the company exceed the paid up capital and free reserves.
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CS Richa Sharma
(Expert)
13 May 2010
Agree with Expert.
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