Quorum for adjourn board meeting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2011
If a board meeting of public company was adjourned due to the want of quorum then what will be the quorum for an adjourn Board Meeting.
In case of our company total strength of the board is 10 so requsite quorum is 4 directors. what will be the quorum for the adjourn board meeting, if only two directors present in the meeting can constitute requisite quorum.
In case of our company total strength of the board is 10 so requsite quorum is 4 directors. what will be the quorum for the adjourn board meeting, if only two directors present in the meeting can constitute requisite quorum.
09 November 2011
sir as per the provisions of sec 288 of the companies act 1956 "if in the adjourned meeting the quorom is not present within half hour of scheduled time the members present shall constitute the quoram"
so in above case present two director considered as quoram for adjourned board meeting
so in above case present two director considered as quoram for adjourned board meeting
10 November 2011
In your case proviso to section 287(2) is not applicable bcoz you have enough number of dis-interested directors but the issue is they are not present at the board meeting.
So as per my opinion 2 directors would not form sufficient quorum.
In your adjourned board meeting section 287(1) will apply just like in your original BM.
So as per my opinion 2 directors would not form sufficient quorum.
In your adjourned board meeting section 287(1) will apply just like in your original BM.
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- GST Reverse
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- PRESUMTIVE TAXATION SCHEME
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- ECO SUPPLY REPORTIONG IN GSTR-1
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
