Write a word, term or a phrase which can substitute each of the following statements: ____________ quorum required for extra-ordinary general meeting of private company.
A
Two members
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B
Three members
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C
Five Members
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D
Ten members
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Solution
The correct option is B Two members
Section 103 of the Companies Act, 2013 specifies the criteria for Quorum of a meeting.
In case of a Public company,—
If No. of members as on the date of meeting, Quorum is:
Not more than 1,000: 5 members personally present
More than 1,000 but up to 5,000: 15 members personally present
Exceeds 5,000: 30 members personally present
In the case of a Private company, —
Quorum - 2 members personally present at the meeting.