Meeting

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Shubham Khandelwal (Querist)
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14 July 2015 if there are 2 directors in private company and both of these are interested in the related party transactions then they are eligible to attend board meeting and what will be the quaram for that meeting..rply fast..

Arjun Menon

Arjun Menon (Expert)
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21 July 2015 Dear Shubham,

As per the exemption notification of MCA dated 5th June, 2015; provisions of Sections 185, 188 have been relaxed.

http://www.mca.gov.in/Ministry/pdf/Exemptions_to_private_companies_05062015.pdf

As per this notification, if the director has disclosed his interest u/s. 184, then he can participate in meetings even if the agenda involves business of his interests.