What shall be the quorum in case s.174(3) is not applicable when there are interested directors but less than 2/3rd of total strength. Will the provisions of s.174(1) be attracted then ?
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Quick Summary
This discussion explores the quorum requirements for company meetings when interested directors are present, particularly when Section 174(3) of the Companies Act does not apply. It questions whether Section 174(1) would then be invoked, potentially requiring the meeting to be adjourned and the matter referred to a general meeting for resolution.