Quorum

This query is : Resolved

Abhilasha Pandey (Querist)
Follow

22 October 2012 Dear All,

There are 2 Directors in a Pvt Ltd Co.
Mr. A
Mr. B

In a BM of 10 Sep 2012, Mr. B resigned from Directorship and Mr. C appointed as AD in same meeting.

Who will be considered to form Quorum of the meeting
MR. A - Director
MR. B - Director
MR. C - ?

Who can sign Minutes of the meeting except Mr. A.

Pls reply.

Thanks,

Ajay Mishra

Ajay Mishra (Expert)
Follow

22 October 2012 Hi

In Your meeting,
Mr. A is present and Mr. C is special invitee.

I will suggest you, to firstly introduce Mr. C as additional director and then you resign Mr. B.

As per your queries, appointment of director where director of the company is less than the quorum fixed by article for the meeting of the Board. In your case the, the quorum is not, because of the resignation of one director out of the two director.

In such case you must follow the provision of your company articles read with clause 75 of the Schedule I- Table A of the Companies Act, 1956.

Mr. A will sign the Minutes or the Chairman of the next Board meeting will sign the minutes of this Board Meeting.

Abhilasha Pandey

Abhilasha Pandey (Querist)
Follow

22 October 2012 Thankyou..

It is a matter of our one of associate Company, where last page of minutes received by us shows:

Mr. A - CM

Mr. B (Director)

Mr. C (Director)

for signature

Whether Mr. C is eligible to sign the minutes of meeting in which he was appointed as AD ?

Ajay Mishra

Ajay Mishra (Expert)
Follow

22 October 2012 Hi

Generally in corporate practice Mr. A is eligible to sign the minutes, because he is appointed as chairman for the meeting. You have also option to sign the minuted by Mr. C if he is appointed as Chairman of next meeting and then he will sign the minutes of last meeting.

In Your case Mr. B, is not authorise to sign minutes, in any case.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Lalan Kumar Jha

Kamaljeet Kaur

Navneet Pratap Singh

RATI MALU

jayaraman

Subscribe Now

Quorum

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA