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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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Select the correct answer from the options given below and rewrite the statement.
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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
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A meeting of the shareholders which is held under special circumstances.
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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.
Secretary has to arrange to take down the notes of the proceedings of the meeting.
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The meeting which is held once in every financial year is called is _______
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The meeting held to discuss and decide any special or urgent matters is called as _________
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 one sentence
When should the first Annual General Meeting be held?
Answer in one sentence
What should be the interval between two Annual General Meetings?
Correct the underlined word and rewrite the following sentence.
Extraordinary Meeting must be held every year.
Answer in brief
What is the purpose of conducting Extra ordinary General meeting?
Justify the following statement.
A notice of meeting must be sent to all members in case of a General Meeting.
Justify the following statement.
Extra ordinary general meeting is called under special circumstances.
