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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.

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