alleryStart learning →Rule 2(1)(e) normally requires which resolution of an eligible company?
ABoard resolution
BUnanimous resolution
CSpecial resolution
DCircular resolution
Answer & Solution
Correct answer: C. Special resolution
An eligible company needs prior consent in general meeting by special resolution, filed with the Registrar before inviting public deposits.
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Related questions
Where must a company inviting public deposits upload the circular?A deposit circular stays valid for how long after the financial year closes (at most)?Who signs the circular copy sent to the Registrar under Rule 4(5)?On whose authority and name must a deposit circular be issued?An eligible company's public deposit circular is issued in which form?A section 73(2) company can send its member circular by which mode?After issuing the circular, what may a company not reserve a right to do?Who alone is entitled to brokerage on deposits procured for a company?