AGM
This query is : Resolved
07 September 2010
If a pvt ltd has 3 directors and same members in which 2 are foreigners
if 2 foreign directors appoint proxy for AGM is quorum formed?
if 2 foreign directors appoint proxy for AGM is quorum formed?
08 September 2010
As per section 174 quorum for general meeting of private co. is 2 members personally present. Proxies are not counted for quorum.
So you have 3 members out of which 2 are planning to give proxies which is not possible.
Personal presence of at least 2 members is must for a valid quorum.
Regards
So you have 3 members out of which 2 are planning to give proxies which is not possible.
Personal presence of at least 2 members is must for a valid quorum.
Regards
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