board meeting
This query is : Resolved
01 April 2011
quorum rules if the adjourned board meeting also does notfullfill the quorum as per companies act
CS Mitesh Mehta
(Expert)
01 April 2011
An adjourned meeting of the Board has not been exempted from the requirement quorum. i.e 1/3 of total strength of the Board or 2 directors, whichever is higher. Holding of meeting without quorum attract penalty u/s 629A of the Act.
Instead of providing quorum for an adjourned meeting , you can opt for passing of resolution by circulation which is easier and practicable. Read section 289 for the same.
Instead of providing quorum for an adjourned meeting , you can opt for passing of resolution by circulation which is easier and practicable. Read section 289 for the same.
Jayashree S Iyer
(Expert)
04 April 2011
Agree with Mitesh.
For an adjourned Board Meeting there is no relaxation in quorum requirement u/s.288 of the Companies Act, 1956.
While on the subject it's interesting to note that the Companies Act has however made a relaxation in quorum requirement in case of an adjourned General Meeting u/s. 174(5).
For an adjourned Board Meeting there is no relaxation in quorum requirement u/s.288 of the Companies Act, 1956.
While on the subject it's interesting to note that the Companies Act has however made a relaxation in quorum requirement in case of an adjourned General Meeting u/s. 174(5).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
