Question
In a scenario where the number of interested directors
on a company’s Board of Directors is equal to or exceeds two-thirds of the total Board strength, which of the following statements accurately describes the quorum requirements for such meeting under the Companies Act?Solution
Section 174. Quorum for meetings of Board: (3) Where at any time the number of interested directors exceeds or is equal to two thirds of the total strength of the Board of Directors, the number of directors who are not interested directors and present at the meeting, being not less than two, shall be the quorum during such time.
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