Quoram
This query is : Resolved
02 May 2013
If in a Board Meeting of a private Company (2directors) were there Statutory minimum requirement but if one director has died So what will be the situation for instance if the Board decided to hold a board meeting and tom. itself one of them died so is the necessary quorum maintained
02 May 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.
Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.
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.
Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.
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