CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Three members
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Five Members
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Ten members
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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:
  1. Not more than 1,000: 5 members personally present
  2. More than 1,000 but up to 5,000: 15 members personally present
  3. Exceeds 5,000: 30 members personally present

In the case of a Private company, —
Quorum - 2 members personally present at the meeting.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Two Houses
CIVICS
Watch in App
Join BYJU'S Learning Program
CrossIcon