In the general meeting of CBD Ltd. six individual members were present and the meeting was adjourned by the Chairman of the meeting at his own will, to the same day of the next week as an important member was not present
CS Executive · Company Law · PYQS · December 2022
In the general meeting of CBD Ltd. six individual members were present and the meeting was adjourned by the Chairman of the meeting at his own will, to the same day of the next week as an important member was not present for the meeting. In this context, referring to the provisions of the Companies Act, 2013 answer the following questions: (i) Could the Chairman adjourn the meeting, if the company's shareholders (i.e. the members) strength was 300?
Answer & Explanation:
Where number of members of a public company is not more than 1000 the quorum for the meeting shall be 5 members personally present. Hence, assuming that 6 members were personally present the quorum was present at the general meeting. The chairman cannot adjourn the meeting at his own will without the consent of the member if all the six members were personally present, since the quorum is present. But in the event of disorder or other like causes, when it becomes impossible to conduct the Meeting and complete its business, The Chairman may also adjourn a Meeting.
Topics: Meetings of Members
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