Quorum of General Meeting

vivek (CS) (751 Points)

16 July 2010  

Dear All,

 

If a Pvt. Ltd. company is having only two shareholders and amongst two one is a body corporate. The body corporate gives proxy for attending AGM, is this violation of law for AGM quorum u/s 174 of COmpanies Act, 1956.

 

Please clarify the meaning of " two members personally present" does it include only the authorized representative of a body corporate or the proxy of the authorized representative of a body corporate?

 

Regards,