Question

For the purpose of quorum in a general meeting, joint holders of shares are treated as ________________.

• A. One member
• B. Two members
• C. Equal to the number of joint holders
• D. Disqualified

Answer 1

Answer: (A)

One member

Option A is correct.

Joint shareholders will be regarded as one member for the purpose of quorum: Any joint shareholder present at the meeting will be entitled to exercise his/her voting power and will be counted for the quorum as one shareholder. These representatives have all the rights of members including right to vote by proxies.