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CS Pooja (Company Secretary)     26 May 2009

Shareholders' consent

If a particular resolution was reommended by the Board for the shareholders' approval, but the same was not approved in the meeting of the members (AGM or EGM), can the same item be put before the shareholders after some time..(on the assumption that the shareholders of a company keep changing..by way of transfer/sale of shares..hence new shareholders keep coming).. or the issue cant be brought again as the same was not approved by the shareholders...



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 2 Replies

Arjun Thakkar (CS)     28 May 2009

It can be brought to the General body again. As the share holders change, the owners of the company change and there is a sound rationale on new owners being given opportunity to take decesions for themselves


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