Quorum in a pvt ltd co

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YOGESHWARI (Querist)
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27 August 2013 One co.has only four shareholders.Three of them are in foreign.For appointing auditor it is necessary to conduct general meeting.But how is it possible? Please give me solution in a proper and practical way.it's argent.
Thanks

Ajay Mishra

Ajay Mishra (Expert)
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27 August 2013 Hi

A member has right to appoint proxy to any one, if he is not intended to attend meeting.

So suggest foreign member to appoint proxy.

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YOGESHWARI

YOGESHWARI (Querist)
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28 August 2013 Thank you for replying me.But sir it is provision for quorum that proxy is not consider in quorum as per co.law.so how can we fulfill the criteria of quorum as three shareholders out of four are in foreign.And it is also necessary for quorum in pvt.ltd.co.that 2 members must have present physically in meeting.

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