Document background
The Joint Written Consent of Directors and Shareholders is a crucial corporate governance tool in Indian business practice, authorized under the Companies Act, 2013. This document type is particularly useful when companies need to obtain quick approval for corporate actions without the delay and formality of convening separate board and shareholder meetings. It's commonly used for time-sensitive matters, routine administrative decisions, or when gathering all parties physically is impractical. The document must include specific details about the company, clear articulation of the resolutions being approved, and proper execution blocks for all parties. It's essential to ensure compliance with statutory requirements, including proper circulation to all parties and maintenance of records. The document can be executed physically or electronically, subject to compliance with the Information Technology Act, 2000.
