New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    The Board meeting should be called by a company by

    giving not less than ___________days ‘notice in writing to every director at his address registered with the company and such notice shall be sent by hand delivery or by post or by electronic means
    A 17 days Correct Answer Incorrect Answer
    B 27 days Correct Answer Incorrect Answer
    C 7 days Correct Answer Incorrect Answer
    D 37 days Correct Answer Incorrect Answer

    Solution

    Section 173. Meetings of Board: (3) A meeting of the Board shall be called by giving not less than seven days’ notice in writing to every director at his address registered with the company and such notice shall be sent by hand delivery or by post or by electronic means: Provided that a meeting of the Board may be called at shorter notice to transact urgent business subject to the condition that at least one independent director , if any, shall be present at the meeting: Provided further that in case of absence of independent directors from such a meeting of the Board, decisions taken at such a meeting shall be circulated to all the directors and shall be final only on ratification thereof by at least one independent director, if any.

    Practice Next