Validity of board meeting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 Dear Experts;
Company held board meeting on 01.04.2013. Two directors are presented & one of them will be resigned on same date i.e. 01.04.2013 whether this board meeting will be valid meeting as per company law.Pls guide.

Ajay Mishra

Ajay Mishra (Expert)
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24 July 2013 Yes, it is valid meeting.

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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