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As per section 174 (Quorum) in case of private company, interested director can also be counted for quorum?
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YES, in case of private company, the intrested director should be counted in quorum after disclosure of interest.
REFERENCE:
MCA NOTIFICATION DATE 13th June,2017-
In case of Private Company - Sub-Section [3] of Section 174 shall apply with the exception that the interested director may also be counted towards quoram in such meeting after disclosure of his interest pursuant to section 184.
REFERENCE:
MCA NOTIFICATION DATE 13th June,2017-
In case of Private Company - Sub-Section [3] of Section 174 shall apply with the exception that the interested director may also be counted towards quoram in such meeting after disclosure of his interest pursuant to section 184.
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