A company which has ₹13 crore of paid-up share capital is intending to have a board meeting on 12th December, 2022. Its managing director wants to know the provisions of the Companies Act, 2013 relating to notice of the

Yes, in case of-Board Meeting to transact urgent business, the Notice, Agenda and Notes on Agenda may be given at shorter period of time than stated above, subject to following conditions: at least one independent director, if any, shall be present at the meeting; In case of absence of independent director, decision taken at such meeting shall be circulated to all the directors, and shall be final only on ratification thereof by at least one Independent director. In case the company does not have an Independent Director, the decisions shall be final only on ratification thereof by a majority of the Directors of the company, unless such decisions were approved at the Meeting itself by a majority of Directors of the company.