board meeting

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manju

manju (Querist)
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01 April 2011 quorum rules if the adjourned board meeting also does notfullfill the quorum as per companies act

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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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.

Jayashree S Iyer

Jayashree S Iyer (Expert)
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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).

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