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Section 301

Circulation of written resolutions proposed by directors

of Companies Act 2016

ActIn forceProvision 301 of 768
Section 301

(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.