Question
What is the quorum required for a Board of Directors
meeting according to Companies Act, 2013?Solution
Quorum of Meetings – Sec 174 Quorum for the meeting shall be 1/3rd of total strength or 2 directors whichever is higher. Participation of directors through video conferencing or other audio visual means shall also be counted for the purpose of quorum with exception to the meetings with the following agenda
- Approval of annual financial statements ;
- Approval of Board’s Report ;
- Approval of prospectus;
- Audit Committee Meetings for considertion of Accounts;
- Approval of matters relating to amalgamation, merger, demerger, acquisition and takeover .
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