New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    For calling a meeting of the Board, what is the minimum

    period of notice to be given in writing to the every director at his registered address?
    A 2 days Correct Answer Incorrect Answer
    B 3 days Correct Answer Incorrect Answer
    C 5 days Correct Answer Incorrect Answer
    D 7 days Correct Answer Incorrect Answer
    E 10 days Correct Answer Incorrect Answer

    Solution

    Companies Act, 2013 - Section 173 – Meeting of Board A meeting of the Board shall be called by giving not less than seven days’ notice in writing to every director at his address registered with the company and such notice shall be sent by hand delivery or by post or by electronic means: Provided  that a meeting of the Board may be called at shorter notice to transact urgent business subject to the condition that at least one independent director , if any, shall be present at the meeting.  

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