1.

Justify the following statement:Annual General Meeting is adjourned in absence of a quorum.

Answer»
  • Quorum is a minimum number of members to be present for a valid Meeting.
  • As per the Companies Act, 2013, the quorum for the Annual General Meeting of a public company is as follows:
No. of ShareholdersQuorum
Up to 10005 Members
1000 – 500015 Members
More than 500030 Members
  •  For a private company minimum of 2 members should be present
  • If the meeting is conducted without a quorum, it is considered invalid.
  • In the absence of a quorum, Annual General Meeting is adjourned.
  • Adjourned Meeting will be convened on the same day, same time, and the same place in the next week.


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