pls give the detail

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i wnt to know if there is need to hold a meeting for every purpose in case of private ltd company .. like opening bank account ???? give the detail if any one know when meeting is required??? and wht kind of resolution required ????

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Ankur Garg

Company Secretary and Compliance Officer

114788 Points Joined January 2009

Resolutions at the Board meetings

The manner of decision making by board members of a company is to pass a formal resolution considering the requirements of the Companies Act, 1956, the Memorandum of Association and Articles of Association of the company.

Matters are generally decided at the Board meetings by way of formal resolution with simple majority of the directors present at the meeting.

The following types of resolutions are generally passed by the Board of directors of a company.

(a) Resolutions passed by simple majority

(b) Resolutions passed by circulation

Best Regards

Anshika

CA -Industry- Sr.Accounts Officier

141 Points Joined October 2007



What is a resolution?
A resolution is an agreement or decision made by the directors or members (or a class of members) of a company. When a resolution is passed, the company is bound by it. A proposed resolution is a motion. If the necessary majority is not obtained, then the motion fails.

How is a vote taken?
The vote on a resolution in a general meeting (or in a meeting of a class of members) is taken according to the rules in the company's articles of association. Generally it is by a show of hands. Any member may demand a poll unless the company's articles say otherwise. A declaration by the chairman that the resolution is carried on a show of hands is all that is required for a resolution to be passed. The number of votes for or against need not be counted.

Who must receive copies of a resolution before and after approval?
Notice of the intention to propose a resolution must be sent to company members. If a company has auditors, they must also be sent copies - or otherwise notified of the contents - of all proposed statutory written resolutions (see 'different types of resolutions' below).