Suzan Limited is in top 1000 listed companies. Referring to provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of directors seeks your advice as a company secretary regardin
CS Executive · Securities Laws and Capital Markets · PYQS · June 2021
Suzan Limited is in top 1000 listed companies. Referring to provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of directors seeks your advice as a company secretary regarding the following two matters: Quorum in Board meeting
Answer & Explanation:
The quorum for every meeting of the board of directors of the top 1000 listed entities with effect from April 1, 2019 and of the top 2000 listed entities with effect from April 1, 2020 shall be one-third of its total strength or three directors, whichever is higher, including at least one independent director. Thus, keeping in mind the above provisions, Suzan Limited is required to comply with above provisions with respect to quorum in board meeting with effect from 1st April, 2019.
Topics: Corporate Governance
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