You are the Company Secretary of XYZ Ltd, which has recently listed on Bombay and National Stock Exchanges. The CEO of the company is eager to know the applicability of various corporate governance provisions as per SEBI
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2024
You are the Company Secretary of XYZ Ltd, which has recently listed on Bombay and National Stock Exchanges. The CEO of the company is eager to know the applicability of various corporate governance provisions as per SEBI (LODR) Regulations, 2015. In this context, explain the provisions applicable to the following aspects: Quorum of the board meeting.
Answer & Explanation:
(iv) Quorum of the Board Meeting: But in case 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 quorum shall be one third of its total strength or three directors, whichever is higher, including at least one independent director, as per SEBI (LODR) Regulations, 2015. For a listed entity, one independent director should be present at the Meeting to form a quorum.
Topics: Corporate Governance
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