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Sec 174 - Quorum
In case a company doesn't get its quorum even in the adjourned board meeting as more than 2/3rd of the directors are interested in the business.. can the board appoint an additional director for that purpose?
Replies (4)
the remaining director may pass resolution for appointment of director and summoning the GM to appoint a director
according to section 174 sub (3) where at any time interested director exceeds or equal to 2/3 of total strength the no of director who are not Interestex director and present at the meeting being not less than 2 shall be the quorn of the meeting.
where all the directors are interested then as per dept clarification director can appoint sufficient numer of additional directors so as to form
disinteresred quorum & if it is not possible then company shall put the matter at general meeting & shareholder will take the decision
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