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

    Question

    Unless the articles of the company provide for a larger

    number, in case of a public company _________________ shall be the quorum if the number of members as on the date of meeting is not more than one thousand
    A Two members personally present Correct Answer Incorrect Answer
    B Five members personally present Correct Answer Incorrect Answer
    C Fifteen members personally present Correct Answer Incorrect Answer
    D Thirty members personally present Correct Answer Incorrect Answer
    E Thirty-five members personally present Correct Answer Incorrect Answer

    Solution

    Companies Act  Section 103.Quorum for meetings: (1) Unless the articles  of the company provide for a larger number— (a) in case of a  public company— (i) five members  personally present if the number of members as on the date of meeting is not more than one thousand; (ii) fifteen members personally present if the number of members as on the date of meeting is more than one thousand but up to five thousand; (iii) thirty members personally present if the number of members as on the date of the meeting exceeds five thousand.

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