Lawgist175Passing of resolution by circulatio
(1) No resolution shall be deemed to have been duly passed by the Board or by a committee thereof by circulation, unless the resolution has been circulated in draft, together with the necessary papers, if any, to all the directors, or members of the committee, as the case may be, at their addresses registered with the company in India by hand delivery or by post or by courier, or through such electronic means as may be prescribed and has been approved by a majority of the directors or members, who are entitled to vote on the resolution:
Provided that, where not less than one-third of the total number of directors of the company for the time being require that any resolution under circulation must be decided at a meeting, the chairperson shall put the resolution to be decided at a meeting of the Board.
(2) A resolution under sub-section (1) shall be noted at a subsequent meeting of the Board or the committee thereof, as the case may be, and made part of the minutes of such meeting.
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- 173 Meetings of Board
- 174 Quorum for meetings of Boar
- 175 Passing of resolution by circulatio
- 176 Defects in appointment of directors not to invalidate actions take
- 177 Audit committee
- 178 Nomination and Remuneration Committee and Stakeholders Relationship Committee
- 179 Powers of Board
- 180 Restrictions on powers of Board
- 181 Company to contribute to bona fide and charitable funds, etc
- 182 Prohibitions and restrictions regarding political contribution
- 183 Power of Board and other persons to make contributions to national defence fund, etc
- 184 Disclosure of interest by director
- 185 Loan to directors, et
- 186 Loan and investment by compan
- 187 Investments of company to be held in its own name
- 188 Related party transactions
- 189 Register of contracts or arrangements in which directors are intereste
- 190 Contract of employment with managing or whole-time director
- 191 Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares
- 192 Restriction on non-cash transactions involving directors
- 193 Contract by One Person Company
- 194 Prohibition on forward dealings in securities of company by director or key managerial personne
- 195 Prohibition on insider trading of securities
