Krishna Nambiar (Professor) (35 Points)
14 January 2012Hi,
We are 3 directors in Pvt. Ltd. Company (not the subsidy of any public Ltd. Company) One of the directors is hospitalised. We want to carry out board meeting without him and pass important resolution. Can we have board meeting with only two directors? will quorum will be completed?
Regards
Krishna
Parashar
(Company Secretary 2004)
(1013 Points)
Replied 14 January 2012
Kindly check your Articles of Assocation first, if they prescribe the quorum of more than 2, then you cannot otherwise it is possible as in your case two directors shows the majority of the Board.
CA Sumiit B Nagpal
(Business)
(1077 Points)
Replied 16 January 2012
Kindly Check Your AOA. But as far it appears, the qourum will be there with 2 directors(Generally it is 2 directors), but you should serve a notice on the director who is hospitalised and agenda too.
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 16 January 2012
Quoroum required for board meeting is one third of strength of board or two whichever is more.It is applicable for both private and public company
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 January 2012
Dear Sir,
No need to worry. Please go ahead without any doubt or hesitation and hold your board meeting with 2 directors.
Regards
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 16 January 2012
Agree with the experts, Dont worry as the stipulation with respect to quorum is fulfilled, meeting can be held by 2 directors subject to the provision of AOA.
Thanks
Mihir Doshi
Poonam Holani
(Article Assistant)
(38 Points)
Replied 16 January 2012
Can anyone provide me the format of Board Resolution U/s 299.
CAclubindia
