What should be the Quorum for meetings of Board of directors?

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The quorum for a meeting of the Board of directors of a company shall be one-third of its total strength (any fraction contained in that one-third being rounded off as one), or two directors, which ever is higher. at any time the number of interested directors exceeds or is equal to two-thirds of the total… Read more »

What are the General powers of Board?

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Subject to the provisions of this Act, the Board of directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorised to exercise and do. However, the Board shall not exercise any power or do any act or thing which is… Read more »

What are the Restrictions on powers of Board?

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The Board of directors of a public company, or of a private company which is a subsidiary of a public company, shall not, except with the consent of such public company or subsidiary in general meeting :- sell, lease or otherwise dispose of the whole, or substantially the whole, of the undertaking of the company,… Read more »

What is the minimum number of directors in any type of company?

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Every public company ( other than a deemed public company ) must have at least three directors. Every other company must have at least two directors. The directors of a company collectively are referred to as the “Board of directors” or “Board”. Only individuals can be appointed as directors. No body corporate, association or firm… Read more »

Can a company has the right to increase or reduce the number of directors?

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A company, at a general meeting may, by ordinary resolution, increase or reduce the number of its directors within the limits fixed in that behalf by its articles. Increase in number of directors to require Government sanction In the case of a public company, or a private company which is a subsidiary of a public… Read more »

What are the powes of Additional directors?

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The Board of directors may appoint additional directors if such power is conferred on it by the articles of the company. Such additional directors shall hold office only up to the date of the next annual general meeting of the company. Provided further that the number of the directors and additional directors together shall not… Read more »

Can a casual vacancy be filled among directors?

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In the case of a public company or a private company which is a subsidiary of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office will expire in the normal course, the resulting casual vacancy may, in default of and subject… Read more »

What are the terms and conditions of Appointment of alternate director?

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The Board of directors of a company may, if so authorised by its articles or by a resolution passed by the company in general meeting, appoint an alternate director to act for a director during his absence for a period of not less than three months from the State in which meetings of the Board… Read more »

What are the Restrictions on appointment or advertisement of director?

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A person shall not be capable of being appointed director of a company by the articles, unless before the registration of the articles, the publication of the prospectus, or the filing of the statement in lieu of prospectus, as the case may be , he has, by himself or by his agent authorised in writing… Read more »