Master resolution

Resolutions 456 views 1 replies

Dear Friends,

In a Company where Shareholders Agreement has been executed where BM can be conducted only in the presence of 2 parties directors, where one of the party resides out of the station, can we pass a master resolution in relation to Loan/Ods, etc.,  that the other party's directors are authorized to take ODs/loans, etc.

Regards,

Kavitha.

Replies (1)

Yes, refer Proviso to Sec.292(1).

 


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