Section 179: Passing of resolution by the directors through circulation

179. Passing of resolution by the directors through circulation.—(1) A resolution in writing 36[approved by majority of] the directors or the committee of directors for the time being entitled to receive notice of a meeting of the directors or committee of directors shall be as valid and effectual as if it had been passed at a meeting of the directors or the committee of directors duly convened and held. (2) A resolution shall not be deemed to have been duly passed, unless the resolution has been circulated, together with the necessary papers, if any, to all the directors. (3) A resolution under sub-section (1) shall be noted at a subsequent meeting of the board or the committee thereof, as the case may be, and made part of the minutes of such meeting. (4) A directors’ agreement to a written resolution, passed by circulation, once 37[approved], may not be revoked.

Effective date: 2017-05-30

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