Question

For a Public Limited Company having more than 5000 shareholders quorum in AGM will be ________.

• A. 30 members
• B. 50 members
• C. 100 members
• D. 33 members

Answer 1

The correct option is A 30 members

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 makes a quorum;

(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 makes a quorum;

(iii) thirty members personally present if the number of members as on the date of the meeting exceeds five thousand makes a quorum;