What is secretarial standard?
Secretarial Standards means the “Secretarial Standards” as issued by the Institute of Company Secretaries of India constituted under section 3 of the Company Secretaries Act, 1980 and approved by the Central Government..
Which item can be passed by way of circulation?
Granting loans or giving guarantee or providing security in respect of loans. Making political contributions. Making calls on shareholders in respect of money unpaid on their shares. Approving Remuneration of Managing Director, Whole-time Director and Manager.
Which resolution can be passed by circulation?
175. Passing of resolution by circulation(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.More items…
How do you pass resolution at a board meeting?
Whilst board resolutions can be passed by a simple majority vote, directors’ written resolutions can only be passed by unanimous agreement of all directors who are entitled to vote, unless any provision in the the articles states to the contrary.
Can a director be appointed through circular resolution?
(i) Any company — private company or public company — can appoint an additional director. … The Board can appoint such Director by passing a resolution in its meeting or by passing a circular resolution. (iv) The tenure of additional director shall be up to the date of the next AGM.
Which resolution must be passed to make a valid call?
A call must be made under a resolution of the board of directors. The resolution must be passed by a competent board of directors, at a properly called and convened board’s meeting.