Edge Ltd. was incorporated in November, 2021 in Odisha with the objective of manufacturing water purifier. The plant was commissioned in May, 2022 at a cost of ₹400 crore. It was financed partly by the promoters (80%) an

CS Executive · Company Law and Practice · PYQS · June 2025
Edge Ltd. was incorporated in November, 2021 in Odisha with the objective of manufacturing water purifier. The plant was commissioned in May, 2022 at a cost of ₹400 crore. It was financed partly by the promoters (80%) and balance from bank loan. Currently, Edge Ltd. is not a listed company but plans to get listed in next year. Over a period of time, Edge Ltd. has evolved to become one of India's top ten manufacturer of water purifier and is also eyeing to have a share in the export market. It won an award in an all India based trade fair organised by a Chamber of Commerce. The company has now 300 members. The Board consists of ten directors. Case V: Atanu joined the Board of Edge Ltd. as additional director on 1st January, 2025. On 2nd January, 2025 he sent an email to you, Company Secretary of the company, that he wanted to inspect the minutes of board meeting held on 7th June, 2024 in which the directors's report for the year 2023-24 was approved. Based on the above facts and integrated case, answer the following referring to the provisions of Companies Act, 2013: (e) Examine if claim of Atanu for inspection of board minutes given in the case is tenable under Companies Act/Secretarial Standards.

Answer & Explanation:

7.7.2 of SS-1: A Director is entitled to receive, a copy of the Minutes of a Meeting held before the period of his Directorship. A Director is entitled to inspect and receive a copy of the signed minutes of a meeting held during the period of his directorship, even if he ceases to be a director. Thus, claim of Atanu is correct under law.

Topics: Meetings of Board and its Powers

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