Quorum at the adjourn EGM
This query is : Resolved
21 October 2010
In case of adjourn EGM of a public company if only one member present, whethet it constitutes a valid meeting and business can be transected at that meeting.
21 October 2010
Dear Sir
No business can be transact if only one member present at the meeting (Quorum must be present as per the rule two or more people must be present for a meeting or one third member or two member must be present
No business can be transact if only one member present at the meeting (Quorum must be present as per the rule two or more people must be present for a meeting or one third member or two member must be present
21 October 2010
U/s 174(5) of the Companies Act if at the adjourned meeting also a quorum is not present within half an hour from the time appointed for holding the meeting ,the members present shall be a quorum.
(but in any case a single member cannot transact the business unless there is only 2 members.but there is no prohibition by law.)
(but in any case a single member cannot transact the business unless there is only 2 members.but there is no prohibition by law.)
22 October 2010
If only one member present in the adjourn EGM then what will be the status of the meeting. Whether meeting will be dissolved.
22 October 2010
Yes. It can be further adjourned due to lack of quorum.
However, there is one exception mentioned u/s 174(3), where the meeting stands dissolved.
Kindly go through section 174(3).
However, there is one exception mentioned u/s 174(3), where the meeting stands dissolved.
Kindly go through section 174(3).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
