05 July 2012
For giving loans or extending guarantee or providing security in excess of the limits prescribed u/s 372A(1), can a listed company obtain approval by passing SR in general meeting or should the resolution be passed by postal ballot only?
You do have to pass the above said resolution by Postal ballot as per Companie( Passing of resoltuions by Postal ballot)Rules 2001. For more information find the below link which will clarify your doubt:
CAclubindia
