Board resolutions by circulation require majority approval after proper circulation and must be recorded at the next meeting. Passing of Board resolutions by circulation requires circulation of the draft resolution and necessary papers to all directors at their registered addresses by hand, post, courier or prescribed electronic means and approval by a majority of those entitled to vote. If not less than one-third of the total number of directors require decision at a meeting, the chairperson must place the resolution before the Board. Resolutions passed by circulation must be noted at the subsequent Board or committee meeting and included in the minutes.
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Provisions expressly mentioned in the judgment/order text.
Board resolutions by circulation require majority approval after proper circulation and must be recorded at the next meeting.
Passing of Board resolutions by circulation requires circulation of the draft resolution and necessary papers to all directors at their registered addresses by hand, post, courier or prescribed electronic means and approval by a majority of those entitled to vote. If not less than one-third of the total number of directors require decision at a meeting, the chairperson must place the resolution before the Board. Resolutions passed by circulation must be noted at the subsequent Board or committee meeting and included in the minutes.
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