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Annual general meeting by one person

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Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2013 3 Directors of the Company are available in India out of which one of them is a Member as well. Rest all the shareholders are settled abroad who can attend the AGM through electronic mode. The AGM is to be held on 30.09.2013. Since there is only one member available, the meeting will not be valid in lack of quorum. In such a case can members present through electronic mode be counted as qourum? If not then whats the way out to constitute a valid general meeting??

Ankur Garg

Ankur Garg (Expert)

20 September 2013 Provisions related to participation in meeting through electronic mode are not a substitute of Quorum related provisions.

Please read the MCA circular No. 27/2011 dated 20.05.2011 carefully.

AGM is your case is not possible with 1 member personally present.

Thanks

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