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: (iii) If only three members were present in the adjourned meeting, where in such a meeting too the important member (shareholder) could not participate, would the meeting be considered as duly convened and conducted?
Answer & Explanation:
If at the adjourned meeting, the quorum is not present within half- an hour from the time appointed for holding meeting, the members present, being not less than two in numbers, will constitute the quorum. In this case, 3 members are present in the adjourned meeting, it will be considered as a valid meeting. [Section 103(3)]
Topics: Meetings of Members
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