Section 301
Circulation of written resolutions proposed by directors
ActIn forceProvision 301 of 621
Section 301
(1)
Where the Board proposes a written resolution, the company shall circulate copies of the written resolution to every eligible member at the same time, so far as practicable in the manner specified under section 300.
(2)
A copy of the written resolution shall be accompanied by a statement informing a member as to—
(a)
the procedure for signifying agreement or otherwise to the resolution; and
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(b)
the date by which the resolution shall lapse if it is not passed.
(3)
Any person who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.
(4)
The validity of the resolution, if passed, is not affected by a failure to comply with this section.