Board meeting

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2013 Respected sir/mam

If a private company has only 2 directors( both are promoters too) and casual vacancy occurs due to death of one of the director. so can a company conduct its board meeting in the presence of 1 director, if so under which section
it can conduct.

rply as soon as possible
regards

Rupesh Jain

Rupesh Jain (Expert)

14 August 2013 PSL CALL EGM OF SHAREHOLDER AND APPOINT NRE DIRECTOR FOR COMPLETE THE QUORM OF THE DIRECTOR

Ajay Mishra

Ajay Mishra (Expert)

14 August 2013 Hi

In Case the director of the company is less than two or the no. of director fix for the quorum, then the remaining director (continuing director or directors) may act for the purpose of increasing the no. of directors to that fixed for the quorum or summoning a general meeting of the company, but no for other purpose.

So one director can appoint one more director to complete the quorum.

Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.

Regards
CS Ajay Mishra

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