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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.
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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.
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Select the correct answer from the options given below and rewrite the statement.
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Select the correct answer from the options given below and rewrite the statement.
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A meeting of shareholders which is held between two annual general meetings.
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A meeting of the shareholders which is held under special circumstances.
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A meeting of the preference shareholders of a company.
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Only special business is transacted at Annual General Meeting.
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Annual Report is prepared by members.
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A member has a right to attend Board Meeting.
Find the odd one.
Complete the sentence:
The Authority to convene the Annual General Meeting is with the __________
Answer in one sentence
Why is Extraordinary General Meeting held?
Answer in one sentence
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Answer in brief
List the duties of a Secretary after the Annual General Meeting.
Answer in brief
State the objectives of Annual General Meeting.
Justify the following statement.
Annual General Meeting is adjourned in absence of quorum.
Justify the following statement.
Extra ordinary general meeting is called under special circumstances.
