Director's death
This query is : Resolved
04 March 2011
can any one tell me what's the provision of Co. act if any Director died before expiry of his period or how to prepare the minutes of Board Meeting in which notice of his dead shall be considered??????
Thanks in advance
Thanks in advance
04 March 2011
How many directors were there before the death.
05 March 2011
There are 2 directors at present.
05 March 2011
Please refer to Table A Clause 75 of the Companies Act which read as follows:
The continuing directors may act notwithstanding any vacancy in the Board; but, if and so long as their number is reduced below the quorum fixed by the Act for a meeting of the Board, the continuing directors or director may act for the purpose of increasing the number of directors to that fixed for the quorum, or of summoning a general meeting of the company, but for no other purpose.
The continuing directors may act notwithstanding any vacancy in the Board; but, if and so long as their number is reduced below the quorum fixed by the Act for a meeting of the Board, the continuing directors or director may act for the purpose of increasing the number of directors to that fixed for the quorum, or of summoning a general meeting of the company, but for no other purpose.
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