Showing posts with label General meeting. Show all posts
Showing posts with label General meeting. Show all posts

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.

Friday, March 21, 2014

Notice of the General meeting under Companies Act, 2013

As per sec. 101 of Companies Act, 2013 notice for general meetings shall serve as follows:-

1. 21 days clear notice is required in writing or through electronic mode is required for convening general meeting.
2. Notice of every meeting shall be send to every member, auditors and directors of the company.
3. A meeting can be convened with shorter notice if consent is given in writing or through e-mode by not less than 95% of members entitled to vote such meeting.
4. Notice shall specify the place, date, day and the hour of the meeting and shall contain the agenda of the meeting.