The Board of a company had total strength of 12 directors. There was a vacancy of two directors in the Board. Referring to the provisions of the Companies Act, 2013 answer the following: (i) What is the quorum required f
CS Executive · Company Law · PYQS · December 2022
The Board of a company had total strength of 12 directors. There was a vacancy of two directors in the Board. Referring to the provisions of the Companies Act, 2013 answer the following: (i) What is the quorum required for the board meeting of the company?
Answer & Explanation:
As per section 174 (1) of the Companies Act, 2013 the Quorum for Board Meeting shall be 1/3rd of its total strength or two directors, whichever is higher. Explanation – For the purposes of this section: Any fraction of a member will be rounded off as one Total strength shall not include directors whose places are vacant. The quorum for the Board meeting in this case shall be four.
Topics: Meetings of Board and its Powers
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