help in law

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.

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

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