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प्रश्न
Explain the following term/concept: Quorum
उत्तर
A quorum refers to the minimum number of persons legally required to be present at a meeting. The quorum is required from the beginning till end of the meeting. Secretary has to ensure the quorum before the commencement of the meeting. A meeting without a quorum is invalid and the business it transacts is null and void.
As per the new provisions made under Section 103 (1) of the Companies Act 2013, the quorum for the meeting of the Public Limited Company is stated in the following table:
Number of members |
Requisite Quorum |
|
Up to 1000 |
5 member |
|
1000 to 5000 |
15 member |
|
More than 5000 |
30 member |
Requisite Quorum for Private Company is minimum 2 members. In the case of a Board Meeting, one-third of the strength of Directors or 2 whichever is more will form the quorum.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
The person who presides over the meeting is known as ______.
Select the correct answer from the options given below and rewrite the statement.
The right of casting vote is given to the ______.
Select the correct answer from the options given below and rewrite the statement.
Minutes must be recorded within ______ days of the conclusion of the meeting.
Write a word or a term or a phrase which can substitute the following statement.
The person who signs the minutes of the meeting.
State whether the following statement is True or False.
Maximum number of members required to attend the meeting is called as Quorum.
Answer in one sentence.
Who is Chairman?
