Star Ltd. has 3425 members. Advise the Board of Directors of the company on the quorum of its Annual General Meeting.
CS Professional · Advanced Company Law and Practice · PYQS · December 2019
Star Ltd. has 3425 members. Advise the Board of Directors of the company on the quorum of its Annual General Meeting.
Answer & Explanation:
The provisions of quorum for general meetings of the members of the company contained in Section 103 of the Companies Act, 2013 are stated as below. (i) Unless the articles of association of a company provide for a larger number, the quorum for the general meetings of a Public Company shall be as under: (a) In case of a Public Company five members personally present if the number of members as on the date of the meeting is not more than one thousand; fifteen members personally present if the number of members as on the date of the meeting is more than one thousand but upto five thousand; thirty members personally present if the number of members as on the date of the meeting exceeds five thousand. (b) in the case of a private company, two members personally present, shall be the quorum of the general meeting. Accordingly, Star Ltd being a Public company, having more than one thousand but upto five thousand members, is required to have personal presence of fifteen or more members at the general meetings to ensure presence of the quorum and the Board of Directors shall accordingly comply with the quorum requirements at the general meetings.
Topics: General Meetings
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