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A company's Articles of Association prescribe a quorum of three directors for Board Meetings. If only two directors are present, what is the legal consequence under Section 174 of the Companies Act, 2013 read with Secretarial Standard-1?
Attendance of two directors is sufficient for all companies
The meeting is invalid due to lack of proper quorum
The Chairperson can waive the quorum requirement
The decisions taken are valid despite low attendance
The meeting is invalid due to lack of proper quorum
Practice and solve "A company's Articles of Association prescribe a quorum of three directors for Board Meetings. If onl..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: The meeting is invalid due to lack of proper quorum. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "A company's Articles of Association prescribe a quorum of three directors for Board Meetings. If onl..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: The meeting is invalid due to lack of proper quorum. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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