Sunday, March 23, 2014

Quorum of the general meetings under Companies Act 2013

As per Section 103 of companies act, 2013, The Quorum for general meetings:
In case of public company, quorum shall be as follows:
1. Five members personally present if total number of members as on general meeting is less than 1000.
2. Fifteen members personally present if total number of members as on general meeting is morethan 1000 but upto 5000.
3. Thirty members personally present  if the total number of members exceeds 5000 as on date of such convened meeting.

In case of private company:
Two members personally present is enough.


Note: above number of members personally present for want to quorum shall be increased subject to approval only.
Articles of Association of the Company can mention higher number of members for want of quorum than it is given in sec 103.

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