26 July 2011
Dear Expert, i wish to inquire that can a private company pass a resolution in its board meeting to the effect that "chairman of the board shall be the chairman of all general meetings of the company ?" ...further i wish to add that whether in case of a public co. too shall articles containing the above fact that chairman of the board shall be chairman of the general meeting hold good...??
27 July 2011
Article 50 of table A contains such a provision. So if the AOA of the company does not contain a restrictive clause regarding the above said articles, the presumption is table A can be followed by the company meaning thereby the company can pass a borad resolution as u said in the query.
CAclubindia
