Menu
Immaterial quorum
Hi i am a student in ipcc this year had this question of company law that In case of immaterial quorum will the meeting will still be held ?
Replies (1)
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.
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
