Quorum - Section 174
This query is : Resolved
04 October 2008
As per sec 174 of the Companies Act, 1956; a public ltd co shall have 5 members personally present at any EGM/AGM in order to form the Quorum.
Is if 1 person represents all other members will it be sufficient compliance for the purpose of Quorum? (As per my understanding, min of 5 persons should attend the meeting, irrespective they are representing someother members or not.)
If 5 members appoint 5 proxies who only attend the meeting, is it a valid meeting?
If it is a valid meeting with regards to the previous point,and 1 proxy leaves the meeting hall after attending half the session, is it a valid meeting?
Regards,
Satish Rajan,
9886810481.
Is if 1 person represents all other members will it be sufficient compliance for the purpose of Quorum? (As per my understanding, min of 5 persons should attend the meeting, irrespective they are representing someother members or not.)
If 5 members appoint 5 proxies who only attend the meeting, is it a valid meeting?
If it is a valid meeting with regards to the previous point,and 1 proxy leaves the meeting hall after attending half the session, is it a valid meeting?
Regards,
Satish Rajan,
9886810481.
04 October 2008
Members present through proxy will not be counted for quorum.
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