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.
In the question below there are some statements followed by some conclusions. You have to take the three given statements to be true even if they seem ...
In each question below are given two statements followed by two conclusions numbered I and II. You have to take the two given statements to be true eve...
Statements :Â Â Â Â Â Â Â Â Â Â
Some mats are bedsheets.
All bedsheets are chairs.
Some chairs are desks.
Conclusions :
Statements: All AC are Fans.
All Fans are Coolers.
Conclusions: I. All AC are Coolers.
II. Some Fans are AC.
III. No AC i...
Statements:
All ribbons are mat.
Some mats are ropes.
No rope is a thread.
All thread is a needle.
...
- In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if they ...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statements: Some doors are rods.
               Some rods are curtains.
            ...
Statements:
Only a few player is team
Only a few team is sport
No sport is game
Conclusions:
I. All team can be playe...
Statements:
Only Shorts are Skirts.
Few Shorts are Shirts.
All Shirts are Pants.
Conclusions:
I. Some Shorts are Pant...