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Regarding signature on board resolution by one director


30-May-2023 (In Startup Law)
Requesting your View on accepting the board resolution from a company with 1 director signature . The director signing the board resolution is the Managing Director of the company.
Answers (1)

Answer #1
922 votes
According to Section 175 of the Companies Act, 2013, every resolution of the Board of Directors of a company shall be passed by a majority of the directors present at a meeting of the Board. However, the articles of association of the company may require a higher majority or quorum for passing a resolution. In your case, if the articles of association do not specify any requirement for the number of directors who need to sign a resolution, then it is recommended to have all the directors sign the resolution to ensure that it is valid and legally binding.
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