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?Solution
Section 174 of the Companies Act, 2013 prescribes board quorum. Statement 1 is correct—this is the standard quorum requirement. Statement 2 is correct—Section 174(1) explicitly states that participation through audio-visual means counts for quorum. Statement 4 is correct—Section 174(2) provides that continuing directors can act to appoint additional directors when quorum is not met. Statement 3 is incorrect because Section 174(3) states that when interested directors exceed two-thirds, the non-interested directors present (not less than two) form the quorum; interested directors must recuse themselves and not participate. Statements 1, 2, and 4 are correct.
Read the given sentence to find out whether there are any grammatical/contextual errors in it. The errors, if any, will be in two of the phrases of the ...
After working very hardly (1)/ over a long time (2)/ he found that (3)/ people acknowledged him as a successful person (4)/ No error (5)
- Find out the error according to the grammar and context of the given sentences. If there is no error, mark option 5, i.e. No error. (Ignore the punctuation...
Neither of the solutions seem to be effective.
- In the following question, a sentence is given, divided into 4 parts. Out of the other four parts, one part contains an error. Mark the option containing t...
Given below is a sentence with or without an error. The error, if any, is in one part of the sentence. Choose the correct part which contains the error...
Finance Ministry in a notification said customs duty in open-cell (15.6-inch and above), (A) / for use in the manufacture of (B) / Liquid Crystal Displa...
The court has reiterated that the (A) / grant of a certificate by the (B) / CBFC denudes the state of the power (C) / to prevent the exhibit of a film....
After the ache in the neck from grazing upwards at these alluring frescoes, we sat down for a while, rubbing our necks, in the splendid dance hall with ...
Villagers killed two persons transporting cattle in the state less then two weeks ago.
...
Relevant for Exams:
