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Quorum for Board meetings in case of Section 8 companies is:
8 directors or 1/4th of total number of directors whichever is less
5 directors or 1/3rd of total number of directors whichever is less
3 direcots or 1/3rd of total number of directors whichever is less
None of the above
As per section 173(1) read with exemption notification under Companies Act, 2013, the quorum for board meeting in case of section 8 companies is 8 directors or 1/4th of total number of directors whichever is less. Section 8 companies are companies not for profit objective.
By: Vikas Goyal ProfileResourcesReport error
Ambuj Rai
1/3 or 2 whichever is higher
This is for companies in general but for section 8 companies the provisions are different
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