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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.
The business transacted in extra ordinary general meeting is _________ business.
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 once in a year
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 preference shareholders of a company.
State whether the following statement is True or False.
Only special business is transacted at Annual General Meeting.
State whether the following statement is True or False.
Annual Report is prepared by members.
State whether the following statement is True or False.
21 clear days notice should be given in case of 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.
Select the correct option form the bracket
|
Group A |
Group B |
|
Interval between two annual meeting |
______ |
Answer in one sentence
When can an Adjourned Annual General meeting be held?
Answer in brief
What are Class Meetings?
Justify the following statement.
A notice of meeting must be sent to all members in case of a General Meeting.
Explain the functions of a secretary related with Annual General Meeting.
