📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      If a board of directors originally consists of 9 members

      and 2 vacancies are created due to their removal, what would be the quorum required for a board meeting as per the provisions of the Companies Act?
      A 3 directors Correct Answer Incorrect Answer
      B 4 directors Correct Answer Incorrect Answer
      C 5 directors Correct Answer Incorrect Answer
      D 6 directors Correct Answer Incorrect Answer
      E 7 directors Correct Answer Incorrect Answer

      Solution

      Section174.QuorumformeetingsofBoard:(1) ThequorumforameetingoftheBoardofDirectorsofacompanyshallbeonethird of its total strength or two directors, whichever is higher, and the participation of the directorsbyvideoconferencingorbyotheraudiovisualmeansshallalsobecounted forthepurposesofquorumunderthissub-section.Providedthatthequorumshall not be less than two members.

      Practice Next
      ask-question