Thursday, 12 September 2013

Quorum requirement in the Companies Act, 2013

The quorum for general meeting in case of a public company has been changed and now quorum shall be considered as following:

i. 5 members personally present if the number of members as on the date of meeting is not more than 1000.

ii. 15 members personally present if the numbers as on the date of meeting is more than one thousand but up to 5000

iii. 30 members personally present if the number of members as on the date of meeting exceeds 5000.

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