A company has passed two resolutions by circulation with a majority of five directors where total strength of the board is of nine directors. Two directors required that such a resolution should be decided at the meeting
CS Executive · Company Law · PYQS · December 2022
A company has passed two resolutions by circulation with a majority of five directors where total strength of the board is of nine directors. Two directors required that such a resolution should be decided at the meeting of the Board. Answer the following questions under such scenario referring to the provisions of the Companies Act, 2013: (d) If the single approval has been given by the majority of directors for both the resolutions together, whether such approval will be considered as valid?
Answer & Explanation:
Each resolution shall be separately explained. The decision of the directors shall be sought for each resolution separately. Not more than seven days from the date of circulation of the draft of the resolution shall be given to the directors to respond and the last date shall be computed accordingly. Each resolution shall be separately explained. The decision of the directors shall be sought for each resolution separately.
Topics: Meetings of Board and its Powers
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