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Committee for allotment of shares

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(Querist)
06 July 2009 Can one Director constitute a committee for allotment of shares
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Ankur Garg

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Ankur Garg (Expert)
06 July 2009 Hello,

No you can not constitute a committee for allotment of share with one director only. Reason being in that case compliance regarding quorum would become impossible.

You can allot shares in the board meeting.

Regards

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