Company law
2 years ago
Can we pass a resolution or sign an agreement under which we can make a term that no major decisions can be taken by the board of directors without everyone's consent?
Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.what is defined as major decision for you ?
board of directors is there for that reason only.
board of directors is there for that reason only.
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Sidhaarth
Responded 2 years ago
A.Decisions can be taken by majority. Necessary resolution can be passed.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
If you are a shareholder then please keep in mind that you cannot interfere in the Board’s decision-making process or usurp any authority available to them. Generally, the Board is vested with the company’s management powers and the shareholders are only entitled to exercise control over those matters that are specifically reserved under the Companies Act or the company’s AOA, for shareholders’ approval.
If you found my answer helpful then kindly rate me.
If you are a shareholder then please keep in mind that you cannot interfere in the Board’s decision-making process or usurp any authority available to them. Generally, the Board is vested with the company’s management powers and the shareholders are only entitled to exercise control over those matters that are specifically reserved under the Companies Act or the company’s AOA, for shareholders’ approval.
If you found my answer helpful then kindly rate me.
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A.Hi,
Generally, the Board is vested with the company’s management powers and the shareholders are only entitled to exercise control over those matters that are specifically reserved under the Companies Act or the company’s AOA, for shareholders’ approval. Thus, the shareholders cannot interfere in the Board’s decision-making process or usurp any authority available to them.
If you found my answer helpful then kindly rate me.
Generally, the Board is vested with the company’s management powers and the shareholders are only entitled to exercise control over those matters that are specifically reserved under the Companies Act or the company’s AOA, for shareholders’ approval. Thus, the shareholders cannot interfere in the Board’s decision-making process or usurp any authority available to them.
If you found my answer helpful then kindly rate me.
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