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ZAID OFFICIAL 19 July 2019
Yes,as per section 103 of the Companies Act, 2013 resolution(business) passed in presence of quorum is valid.But after due to some reason quroum is not there and the resolution(business) passed is null and void.
kapil gupta 19 July 2019
You have asked a technical question.
So answering to your question which asked the validitiy of meeting where quorum is not present in between is categorised in 2 situations.
1. When quorum left within half an hour resulting into automatic adjournment u/s103(2) of the Act.
2. When such members left after half an hour then in that case Chariman can ask them to stay at the meeting for a while and give their consent as to adjourn that meeting to next week and transact the unfinished business of that day as prescribed in SS-2.
Also, It is the primary job of CS to keep in check that whether quorum is not falling below the statuory requirement.
i've answered this question to the best of my knowledge. Hope it will satisfy your query.