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If in a private company there are 2 directors & both the directors are interested in a particular Board Resolution, then cant the resolution be passed? If no, then how can be the resolution passed?

Director

Posted By: Suresh 10 year(s) ago

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

Chandrahas Dayal

For the legitimate business of the Company, there ought not to be a deadlock like this. What Directors can not do, General body can.or ought to.

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Comment (1)

M B S AGARWAL

I agree with what you say. Then better amend Companies Act so that atleast 3 directors are required and all be unrelated. Otherwise 90 % small companies can not function.

Akansha

Resolution can't be passed, in this case company needs to appoint more directors to pass the resolution

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Comment (1)

M B S AGARWAL

Can this be intent of the statuate?

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Pramod Prabhudesai
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