Clause 99
New section 184DA
BillNot in forceProvision 99 of 190
Clause 99
The Companies Act is amended by inserting, immediately after section 184D, the following section:“Period for agreeing to written resolution184DA.—
(1)
Unless the constitution of a company otherwise provides, a resolution proposed to be passed by written means lapses if it is not passed before the end of the period of 28 days beginning with the date on which the written resolution is circulated to the members of the company.
(2)
The agreement to a resolution is ineffective if indicated after the expiry of that period.”.