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Isha Chawla (CS)     19 August 2013

Agm quorum

What is the quorum for AGM?

Person has to be personally present or can it be through proxy as well?



Learning

 2 Replies

Sheena (Student)     20 August 2013

A quorum means the minimum number of members required to attend a meeting for a meeting to be held.

As per Section 174 of the Companies Act 1956, unless the articles of a company provide for larger quorum, 5 members personally present (not by proxy) in the case of a public company and 2 members personally present (not by proxy) in the case of a private company shall be the quorum for a general meeting of a company.


Isha Chawla (CS)     21 August 2013

Thanks for the prompt reply

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