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CS Executive · Company Law and Practice · Meetings of Board and its Committees

Ravi Mehta is the sole director of a One Person Company, Mehta Crafts OPC Ltd. How does section 173 apply to him?

The proviso to section 173(5) provides that neither that sub-section nor section 174 applies to a One Person Company with only one director. So the sole director has no Board meeting frequency or quorum requirement under those provisions.

  1. AHe must hold two meetings in each half of the year
  2. BHe must hold four meetings with 120-day gaps
  3. CNothing in section 173(5) or section 174 applies to an OPC having only one directorCorrect
  4. DHe must hold meetings only if the company is a dormant company

Explanation

The proviso to section 173(5) states that nothing in that sub-section or in section 174 applies to a One Person Company in which there is only one director on its Board. So no Board meeting frequency or quorum requirement applies to him.

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