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CS Executive · Company Law and Practice · Meetings of Board and its Committees

Meridian Pharma Ltd passed a Board resolution by circulation on 10 March. What is the statutory requirement regarding it afterwards?

A resolution passed by circulation must be noted at a subsequent meeting of the Board, or of the committee concerned, and made part of the minutes of that meeting. This is the requirement of Section 175(2); no member ratification is needed.

  1. AIt must be noted at a subsequent Board meeting and made part of the minutes of that meetingCorrect
  2. BIt must be filed with the Registrar within 24 hours
  3. CIt needs ratification by the members in the next general meeting
  4. DNo further record is needed once a majority has signed

Explanation

Section 175(2) provides that a resolution passed by circulation shall be noted at a subsequent meeting of the Board or committee, as the case may be, and made part of the minutes of that meeting. Member ratification or Registrar filing is not what this section requires.

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