Common use of Circular Resolutions Clause in Contracts

Circular Resolutions. Subject to Applicable Law, a resolution by circulation shall be as valid and effectual as a resolution duly passed at a Board meeting called and held, provided it has been circulated with the prior written approval of the Investor Director in draft form, together with the relevant papers, if any, to all the Directors.

Circular Resolutions. Subject to Applicable Law, a resolution by circulation shall be as valid and effectual as a resolution duly passed at a Board meeting called and held, provided it has been circulated with the prior written approval of the Investor Director in Directorin draft form, together with the relevant papers, if any, to all the Directors.

Circular Resolutions. Subject A written resolution circulated to all the Directors, whether in India or overseas, and approved in accordance with Applicable Law, a resolution by circulation shall (subject to compliance with the relevant requirements of the Act) be as valid and effectual effective as a resolution duly passed at a Board duly convened meeting called of the Board. However, if the resolution proposed to be passed by circulation pertains to a Reserved Matter Item, then such resolution shall be valid and held, provided it effective only if the resolution has been circulated with received the prior written approval consent of the Investor Director in draft form, together accordance with the relevant papers, if any, to all the DirectorsArticle 69 (Reserved Matters).