section 372A
This query is : Resolved
Kamna Tiwari
(Querist)
25 June 2010
where the company is advancing loan and investing into the shares of other company within the limit of 100% of free reserves of the company
i) does a mere board resolution wud do it all?
ii)is there any requirment for unanomous resolution??
iii) in case the directors are interested in above transaction but quorum is formed excluding them can a resolution for the above be passed?
iv) and lastly where the non-interested directors vote for the above unanomously, will it be termed as unanomously passed?
i) does a mere board resolution wud do it all?
ii)is there any requirment for unanomous resolution??
iii) in case the directors are interested in above transaction but quorum is formed excluding them can a resolution for the above be passed?
iv) and lastly where the non-interested directors vote for the above unanomously, will it be termed as unanomously passed?
Aditya Maheshwari
(Expert)
25 June 2010
1. Board resouliton would do
2. Unianomous resolution required
3. It can be passed
4. Yes as as per section 300 the director cannot vote on interested resolutions.
2. Unianomous resolution required
3. It can be passed
4. Yes as as per section 300 the director cannot vote on interested resolutions.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- RCM and same line
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
