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Board meeting related

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(Querist)
04 April 2016 In a Board meeting of 10 directors 8 were interested of a particular transaction including chairman of meeting...among non interested directors one director voted in favour and other voted against concerned item..how to deal this..
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Mandar

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Mandar (Expert)
04 April 2016 Assuming your particular transaction falls under ambit of 188(1) than a special resolution to that effect should be passed.
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Ajay Kumar

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Ajay Kumar (Querist)
04 April 2016 Thanks mandar...but what if the transaction doesnt fall under section- 188(1)
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Ajay Kumar

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Ajay Kumar (Querist)
04 April 2016 Thanks mandar. but what if the transaction doesn't fall under sec- 188(1)

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