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?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.
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