Question
A Board of Directors meeting is held in a company with 9
directors. The question arises about the minimum number of directors that must be present for the meeting to be valid. Under which section of the Companies Act, 2013 is the quorum for Board meetings prescribed?Solution
Section 174 of the Companies Act, 2013 deals with "Quorum for Meetings of the Board". Sub-section (1) states: "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." In the example of 9 directors, one-third would be 3 directors. Since 3 is higher than 2, the quorum would be 3 directors. Section 172 addresses appointment of directors, Section 173 addresses directors' disqualification, Sections 175-176 address directors' identification numbers, but Section 174 specifically prescribes board quorum.
As per Section 3(2), the Central Vigilance Commission consists of:Ā
In the context of Section 3 of the law, when is a civil proceeding considered pending?
Under the Occupational Safety, Health and Working Conditions Code, how many days in a week can a worker typically be allowed to work in an establishment?
A person is arrested for a serious crime. The police officer desires to compel the arrested person to attend an examination by a medical practitioner in...
Who may be treated as legal representative, within the meaning of Arbitration and Conciliation Act:Ā
In the case of Supreme Court Advocates on-Record Association and another Vs Union of India which of the following amendment to the constitutio...
Under Article 14 of the Constitution of India, which of the following is NOT protected as part of the Right to Equality?
Which of the following is not an offence under IPC?
Under BNS, which of the following qualifies as āorganised crimeā?
As per the provisions of the Specific Relief Act the Court _______________ specific performance of a part of a contract