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Board Meeting and AGM Notification and Participation Requirements

kings22 (Shareholder)     17 April 2021

 3 likes  108 points

| My Other Post

We have a Private Limited Company with 4 Board Members and 4 Shareholders

3 Board members together hold 99.96% shares

4th Board Member holds 0.04% shares

The Board members holding 99.96% shares don't want the 4th board member with 0.04% to attend any board and AGM meetings. 

What options we have other than removing from Directorship and surrender of 4 shares to not send any notifications for board meetings and not invite to any AGM meetings to this 4th Director? The remaining 3 Board members and shareholders don't want any such obligation to keep things simple.

Any guidance is appreciated.



Sourav (Student)     17 April 2021

 717 likes  12074 points

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If 4th member do not present in the board meetings then the remaining 3 members should be present as majority of members are present there but the required number of quorum shall be present in the meeting but notice of meeting should be sent to all directiors and members

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