ACCORDING TO SECTION 103 IF THERE IS LACK OF qUROM, THE MEETING SHALL ATAND AJOURNED TO SAME DAY IN THE NEXT WEEK, THE SAME TIME AND PLACE OR TO ANY OTHER PLACE OR DAY AS THE BOARD MAY DETERMINE.
IF MEETING IS NOT CONDUCTED BECAUSE OF LACK OF QUORUM IF CALLED UPON REQUIDITION OF MEMKBERS, MEETING SHALL STAND CANCEL UNDER SECTION 100.
IN THE FOLLOWING CASES ONE PERSON CAN CONSITUTE QUORUM OF MEETING WHICH ARE EXCEPTIONAL CASED.
WHERE DEFAULT IS MADE BY COMPANY IN HOLDING AN ANNUAL GENERAL MEETING , THE NCLT MAY GIVE DIRECTION THAT 1 MEMBER OF THE COMPANY PRESENT IN PLACE OF MEMBER OR BY PROXY SHALL BE DEEMED TO CONSTITUTE MEETING
WHERE PERSON HOLD SHARES OF ALL CLASS, HE ALONE CAN CONSTITUTE QUORUM OF THE MEETING.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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