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No. of director falls below minimum.
Query: where in a company, min. No. Of directors as per AOA of a company is provided as 6 , but if it falls to 4 . Can a board meeting be conducted by that co. Or not? if so,whether that board meeting be valid or not as per the Act?
Replies (2)
The directors can take action only to increase the number of directors to minimum level, and not for any other purpose. Also refer Clause 3.4.2 of Secretarial Standard-1 in this regard.
Thank you sir. This is of great help.
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