Quorum of general meeting of pvt. ltd. company

Meetings 2698 views 2 replies

PRATEEK TAPARIA

STUDENT

25 Points Posted on 20 February 2014

A private ltd company having two members only conducts an EGM (EGM has been called by board of directors on own motion), one meber attends meeting and other member send a valid proxy form .....Hence the quorum as per section 174(4) is not formed and meeting gets adjourned on same day next week same time....At the adjourned meeting also one member attends and other member send a valid proxy form....Is this time quorum is formed ? i.e. a clarifications sited : Can a single member form quorum at the adjourned meeting as per proviso of sec 174(5)

Replies (2)

P C Agrawal

Registered independent director Past Ch

8229 Points Posted on 21 February 2014

Section 174(5) reads as under:

"If at the adjourned meeting also, a quorum is not present within half an hour from the time appointed for holding the meeting, the members present shall be a quorum."

Corresponding Section 103(3) of Companies Act 2013 notified on 12.9.2013 also contains same provision.

Since the word used here is 'members' (plural) and not 'member' (singular), a singular member cannot form a quorum and the meeting shall stand cancelled.

PRATEEK TAPARIA

STUDENT

25 Points Posted on 22 February 2014

Originally posted by : P C Agrawal
	Section 174(5) reads as under: "If at the adjourned meeting also, a quorum is not present within half an hour from the time appointed for holding the meeting, the members present shall be a quorum." Corresponding Section 103(3) of Companies Act 2013 notified on 12.9.2013 also contains same provision. Since the word used here is 'members' (plural) and not 'member' (singular), a singular member cannot form a quorum and the meeting shall stand cancelled.