New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    If the quorum is not present within half-an-hour from

    the time appointed for holding a meeting of the company the meeting, if called by requisitionists under section 100 _______________
    A Shall stand cancelled Correct Answer Incorrect Answer
    B Shall stand adjourned Correct Answer Incorrect Answer
    C Shall proceed ahead with the meeting Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Companies Act  Section 103.Quorum for meetings: (2) If the quorum is not present within half-an-hour from the time appointed for holding a meeting of the company— (a) the meeting shall stand adjourned to the same day in the next week at the same time and place, or to such other date and such other time and place as the Board may determine; or (b) the meeting, if called by requisitionists under section 100, shall stand cancelled.

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