help in law

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* Krishna *

* Krishna * (CA Student) (6149 Points)
Replied 11 October 2010

In case of Quorum for a public company, 5 members personally in attendance at the meeting is required. No proxy is counted in forming the quorum. As per section 174 it appears that these 5 members may be entitled to vote on all resolutions or only in respect of one resolution on none at all. If the Chairman finds that the minimum number of 5 members is present, he can proceed with the business of the meeting. It has been held that the quorum must be effective members, members competent to take part in and to decide upon the questions brought before the meeting. So, meeting is not valid.

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mannoj

mannoj (striving for success) (501 Points)
Replied 11 October 2010

but here only one share  is held by X, not all shares(pref)


pankaj soni

pankaj soni (Student) (36 Points)
Replied 13 October 2010

ya u  r right...this meeting is not valid..... i wrote it by mistake.............. sorry............
 



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