Section 306
Procedure for signifying agreement to written resolution
ActIn forceProvision 306 of 621
Section 306
(1)
A member signifies his agreement to a proposed written resolution when the company receives from him an authenticated document—
(a)
identifying the resolution to which it relates; and
(b)
indicating his agreement to the resolution.
(2)
The document shall be sent to the company in hard copy or electronic form.
(3)
A member’s agreement to a written resolution, once signified, shall not be revoked.
(4)
A written resolution shall be passed when the required majority of eligible members have signified their agreement to the written resolution.