A pvt ltd co. is having two directors out of which one dies. what is the procedure to be followed by remaining director and in how much time??
By -CHIRAG GARG 19 Oct 2016

The continuing directors may act notwithstanding any vacancy in the Board; but, if and so long as their number is reduced below the quorum fixed by the Act for a meeting of the Board, the continuing directors or director may act for the purpose of increasing the number of directors to that fixed for the quorum, or of summoning a general meeting of the company, but for no other purpose.