How can a company comply with the quorum requirement for board meeting/ general meetings if there are 2 directors on board 1 in India and other in US/ both the shareholders are in US?
23 May 2016
According to section 174 of Companies Act 2013, Quorum for Board Meeting shall be 2 Directors or 1/3rd of Total strength of The Board, whichever is higher and participation of Directors by vedio conferencing shall be deemed to be counted for the purpose of Quorum. So, Director in US can join the meeting through vedio conferencing, but if not possible company has to appoint alternate Director for the purpose of forming Quorum.
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