New 55% Off on All Courses - Enroll Now! Click Here

    Question

    In case of a public company the quorum should thirty

    members personally present if the number of members as on the date of the meeting____________________
    A Exceeds five thousand Correct Answer Incorrect Answer
    B Does not exceed five thousand Correct Answer Incorrect Answer
    C Is more than one thousand Correct Answer Incorrect Answer
    D Is not more than one thousand Correct Answer Incorrect Answer
    E Is more than one thousand but up to five thousand Correct Answer Incorrect Answer

    Solution

    Companies Act Section 103.Quorum for meetings: (1) Unless the articles of the company provide for a larger number— (a) in case of a public company— (i) five members personally present if the number of members as on the date of meeting is not more than one thousand; (ii) fifteen members personally present if the number of members as on the date of meeting is more than one thousand but up to five thousand; (iii) thirty members personally present if the number of members as on the date of the meeting exceeds five thousand.

    Practice Next

    Relevant for Exams: