Quorum in board meeting
This query is : Resolved
01 March 2013
While calculating quorum whether we will include additional directors and nominee directors appointed by cg or not?
I.e 1/3 *( directors appointed till date + adiitional directors if appointed+ directors appointed by cg if appointed)
I.e 1/3 *( directors appointed till date + adiitional directors if appointed+ directors appointed by cg if appointed)
Ajay Mishra
(Expert)
02 March 2013
Hi
Section 287 provides that the quorum for a Board meeting shall be one-third of its total strength of directors who are in office or two directors, whichever is higher. Any fraction arising will be rounded off as one. For example, in a Board having seven directors, the quorum shall be of three directors. Quorum implies directors who are competent to vote on the business before the Board.
It means at the time of commencing of meeting quorum should be present.
In your case, if additional director and nominee director is already appointed then they will be counted with existing director otherwise they will not counted.
The person going to be appointed will not be counted in quorum.
Section 287 provides that the quorum for a Board meeting shall be one-third of its total strength of directors who are in office or two directors, whichever is higher. Any fraction arising will be rounded off as one. For example, in a Board having seven directors, the quorum shall be of three directors. Quorum implies directors who are competent to vote on the business before the Board.
It means at the time of commencing of meeting quorum should be present.
In your case, if additional director and nominee director is already appointed then they will be counted with existing director otherwise they will not counted.
The person going to be appointed will not be counted in quorum.
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