• Filter Your Search
            
       
 
Notifications
(0)
Circulars
(0)
Orders
(0)
News
(0)
Queries
(0)
No updates found in last 7 days.
Notifications|Circulars|Orders|News|Queries


Q & A

 
1189 Views 3 Ans

Rule regarding postal ballot specifically provides for passing of resolution under section 180(1)(a) by way of postal ballot only, then why many listed companies are passing the same in the annual general meetings, is there any exception available to that??

Section 180- Restrictions on powers of Board.

Posted By: Alok srivastava 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Ramnik Bhimani

The resolution for Sale or Dispose off the undertaking is required to be passed by postal ballot. If the resolution is only for creation of Charge or mortgage on the undertaking then the same can be passed at the Physical General Meeting.

  • Comment
  •   Comment (0)

    ASHWIN PATEL

Because Section 180(1)(a) relates to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking, while Section 110 read with Rule 22(16)(i) of Companies (Management and Administration) Rules, 2014 relates to only "Sale" of the whole or substantially the whole of an undertaking. So these listed companies are passing resolution under section 180(1)(a) for creation of charge / mortgage on the assets of the company and not for sale of an undertaking.

  • Comment
  •   Comment (0)

    Anil

I could not find any exemption for such rule.

  • Comment
  •   Comment (0)

Recently Active Member

Recently Active Member

Pramod Prabhudesai
B D Jokhakar & Co

Post Your Question
My Q&A
 


Topic

Sections

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.


So keep posting and stay connected
#
Companies Act 2013/1956
Decoding the New Act
Resource Center
My Section
Information Cafe
Calculators


COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

© Corporate Professionals eSolutions Pvt Ltd. | All Rights reserved
Scroll