A resolution by circulation is passed when such approval is urgent in nature and cannot be kept on hold for passing such resolution in the ensuing Board meeting. Sometimes such matters are discussed in the earlier Board meetings but a resolution to that effect is not passed. The document is drafted for the shareholders to make a confirmation that they accept and pass the resolution as if it was discussed in the meeting.
A resolution by circulation is passed when such approval is urgent in nature and cannot be kept on hold for passing such resolution in the ensuing Board meeting. Sometimes such matters are discussed in the earlier Board meetings but a resolution to that effect is not passed. The document is drafted for the shareholders to make a confirmation that they accept and pass the resolution as if it was discussed in the meeting.
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