Board meeting

Others 205 views 1 replies
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.... why atleast one independent director should be present??
Replies (1)
For Certain Classes of companies and for all listed companies, Independent directors are essential as they provide independent insights /critical review about what is going on in a company ,As the word suggest "To transact Urgent Business ",So when company have I/D who are obliged to provide his judgement, specially in case of Urgent business, his nod is required, Either he should attend the meeting or if not attend then such resolution will be circulated to him for their Ratification.. Now law is clear in second part (when he don't attend), but not in first one (when he attend), So it conclsuion can be drawn that he should attend the meeting, Whether during voting he is in favour or not? when majority of director present during meeting gives their assent!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details