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Section 149
Passing written resolution by a private company
: (1) Notwithstanding anything contained elsewhere in this Act, except as otherwise provided in the regulations, any resolution which may be passed by a general meeting of a private company including a special resolution or passed by a meeting of a particular class of shareholders. Action on the date on which such a resolution is considered to have been passed, when the resolution is discussed, if there is a written resolution signed by all the shareholders representing at least seventy-five percent of the shares entitled to vote, such action can be taken from the same document.
(2) For the purposes of sub-section (1), if separate written proposals are recorded, if the transactions of all such documents are of the same type, it shall not be necessary for all the shareholders to endorse the same document, and even if each shareholder has endorsed separate documents, such document shall be deemed to be correct in one written proposal. will be.
(3) Every shareholder correcting the written proposal according to this section shall disclose the date of correcting the proposal and the date corrected by the shareholder who corrects the latest date shall be considered as the date of passing of the proposal.
(4) A document attached to any written proposal shall be deemed to have been submitted to the meeting of shareholders who approved the proposal.
(5) The resolution approved in accordance with this section shall be recognized for any purpose as a decision passed by the general meeting of the company or a meeting of shareholders of a particular group.