Vishnu priya (Student CA Final ) (37 Points)
05 February 2017
Jatin Bajaj
(CS)
(2930 Points)
Replied 06 February 2017
IT SHALL BE MINIMUM 5 OR MORE THAN 5 , SO 5 SHALL BE INCLUDED BUT SHALL NOT BE LESS THAN 5
Ravi Kiran Vustela
(Knowledge Seeker)
(1353 Points)
Replied 06 February 2017
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 06 February 2017
It just means 5 or more.
We cannot add any other number from our side (e.g. more than 4.9 - It is wrong since 4.94 is more than 4.9 but still not covered in 'not less than 5').
Ravi Kiran Vustela
(Knowledge Seeker)
(1353 Points)
Replied 06 February 2017
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 06 February 2017
No, example of such written consent of members is Sec.48 dealing with variation of shareholders' rights. In the absence of written consent, special resolution of that class would be required.
Ravi Kiran Vustela
(Knowledge Seeker)
(1353 Points)
Replied 09 February 2017
CAclubindia
