📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • âś–

      Question

      In case of a public company the quorum should thirty

      members personally present if the number of members as on the date of the meeting____________________
      A Exceeds five thousand Correct Answer Incorrect Answer
      B Does not exceed five thousand Correct Answer Incorrect Answer
      C Is more than one thousand Correct Answer Incorrect Answer
      D Is not more than one thousand Correct Answer Incorrect Answer
      E Is more than one thousand but up to five thousand 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.

      Practice Next
      More Other Laws and Acts Questions

      Relevant for Exams:

      ask-question