There is a Company ABC private Limited, It has 5 regular directors (including the Managing Director ). The company plans to appoint 2 alternate directors. My question is.. Will the 2 alternate directors be considered to decide the quorum strength in a Board Meeting. To explain the issue further.. With 5 regular directors the quorum is 2. Once two alternate directors are appointed will the quorum change ( including alternate directors the director strength is 7 so will the Quorum be 3 now?) or still for deciding the quorum only the regular directors will be considered and quorum will remain as 2 only.
Note : The alternate directors will not attend the Board Meeting when their respective regular directors are present in the Board Meeting.
CAclubindia
