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प्रश्न
Justify the following statement.
The Quorum for Annual General Meeting of a public company depends upon the number of shareholders.
उत्तर
every type of meeting has a specific requirement of quorum. The members those forming the quorum must be present personally. The Companies Act provides a quorum of 2 members for the General Meeting of a private public and 5 members in the case of a public company. As per the new provisions made under Section 103(1) of the Companies Act 2013. the quorum for the meetings of the Public Limited Company is stated in the following table :
Sr. no |
Number of shareholder |
Requisite Quorum |
|
1 |
Up to 1000 |
5 member |
|
2 |
1000 to 5000 |
15 member |
|
3 |
More than 5000 |
30 member |
These members must be personally present at the meeting for discussion, debate and giving opinion and votes for taking decisions on various issues. The Articles of Association may make a separate provision regarding the quorum, but such a provision cannot be less than the minimum prescribed by the Companies Act. From the study and analysis of the above table, it is clear that Quorum for Annual General Meeting of a public company depends upon the number of shareholders. However, proxies are not counted in quorum.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Before the Annual General Meeting is held the Secretary has to compile __________.
Write a word or a term or a phrase which can substitute each of the following statement.
A meeting of shareholders which is held between two annual general meetings.
Write a word or a term or a phrase which can substitute each of the following statement.
A Report which is prepared before Annual General Meeting.
Write a word or a term or a phrase which can substitute each of the following statement.
A meeting of the shareholders which is held under special circumstances.
Write a word or a term or a phrase which can substitute each of the following statement.
A meeting of the preference shareholders of a company.
State whether the following statement is True or False.
Annual Report is prepared by members.
State whether the following statement is True or False.
A member has a right to attend Board Meeting.
State whether the following statement is True or False.
Class Meeting is the meeting of particular class of shareholders.
State whether the following statement is True or False.
Director cannot appoint proxy to attend and vote at Board Meeting.
Find the odd one.
Complete the sentence
The meeting which is held once in every financial year is called is _______
Answer in one sentence
When can an Adjourned Annual General meeting be held?
Answer in one sentence
When should the first Annual General Meeting be held?
Answer in brief
What are Class Meetings?
Justify the following statement.
Annual General Meeting is adjourned in absence of quorum.
Justify the following statement.
A notice of meeting must be sent to all members in case of General Meeting.
