Question
Consider the following statements regarding the quorum for Board meetings under Section 174 of the Companies Act, 2013: Statement 1: The quorum for a Board meeting is one-third of the total number of directors or 2 directors, whichever is higher. Statement 2: Directors participating through video conferencing or other audio-visual means are counted toward the quorum. Statement 3: If the number of interested directors exceeds two-thirds of the total board strength, only non-interested directors need not attend for quorum. Statement 4: If quorum is not present, the continuing directors can proceed with appointing new directors to meet quorum requirement. Which statements are correct?
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