1

F Garments Limited has 3 independent directors besides 8 others of its own. Due to urgency of transacting certain important business, a Board Meeting was called by giving a shorter notice than legally required. None of the independent directors was present at Meeting to deliberate upon motion related to that business. Despite absence of all Independent directors, a board resolution was passed for operationalizing the business by the directors personally present at that Meeting who were much more than the required quorum. Advise, whether the resolution passed at Board Meeting called at a shorter notice was valid

  • A

    Resolution so passed is valid, for it was passed at Board Meeting where required quorum was present.

  • B

    To be valid the resolution so passed needs to be circulated to all the directors and further, it is required to be ratified by all the three independent directors.

  • C

    To be valid the resolution so passed needs to be circulated to all the directors and further, it is required to be ratified by at least two independent directors.

  • D

    To be valid the resolution so passed needs to be circulated to all the directors and further, it is required to be ratified by at least one independent director.