Types of resolutions required for various matters (In case of Private Companies) l Companies Act l Resolutions l Resolutions
The Companies Act, 2013, prescribes the necessity to take different types of approval for different kinds of matters. In this blog, we have discussed the types of resolutions that are required for approving various matters in the case of Private Companies. Matters that require the approval of the Board of Directors: S. No. Matter Gover. Section Remarks 1 Appointment of Additional Director 2 Specified Related party Transactions (Not on Arms Length Basis) The matters that have been specified are: (a) sale, purchase, or supply of any goods or materials; (b) selling or otherwise disposing of, or buying, property of any kind; (c) leasing of property of any kind; (d) availing or rendering of any services; (e) appointment of any agent for purchase or sale of goods, materials, services, or property; (f) such related party's appointment to any office or p