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 theCompanies Act?Solution
Section 174. Quorum for meetings of Board: (1) The quorum for a meeting of the Board of Directors of a company shall be one third of its total strength or two directors, whichever is higher, and the participation of the directors by video conferencing or by other audio visual means shall also be counted for the purposes of quorum under this sub-section. Provided that the quorum shall not be less than two members.
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Consider the following Statements.
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...
Which of the following correctly describes an Open Economy?
