Pls. clear me that Ordinary or Special resolution to be passed in GM for ratifying the acts done by the BOD.
I required this for ratifying Excess borrowings u/s 293(1)(d) by the BOD.
Pls. clear me that Ordinary or Special resolution to be passed in GM for ratifying the acts done by the BOD.
I required this for ratifying Excess borrowings u/s 293(1)(d) by the BOD.
A special resolution is required in my opinion.
CAclubindia
