quorum

This query is : Resolved

Manmohan ACA, CS (Querist)
Follow

07 July 2009 At a meeting quorum was present at the time of starting the meeting, was not present during meeting (left the meeting in between), what shall be its consequence.
Answer me the queries in reference of all
general meeting,
Board meeting ,
committee meeting and
class meeting

Ankur Garg

Ankur Garg (Expert)
Follow

07 July 2009 Hello Manmohan,

QUORUM FOR BOARD AND COMMITTEE MEETING
==============================================

Quorum should be present not only at the time of commencement of business but also at every stage of the transaction of the meeting of Board meeting and committee meetings and unless quorum is present at every such stage, the business transacted is void.

Refer "Balakrishna Vs. Balu Subudhi AIR 1949,"

Ankur Garg

Ankur Garg (Expert)
Follow

07 July 2009 It has been held in "Re. Hartly Baird Ltd." that the quorum required is the quorum to be present at the time of beginning to consider the business and it need not be present throughout the general meeting or at the time taking the vote on any resolution.

To conclude quorum is required to be present throughout the board & committee meeting.
In case of general meeting and class meeting of shareholders it is required to be present only at the beginning of the meeting.

Best Regards

Upgrade to CAclubindia Pro. Subscribe Now!

Manmohan ACA, CS

Manmohan ACA, CS (Querist)
Follow

07 July 2009 Ankur, i must say you are like a machine of company law queries. Whenever I insert a question i surely get answer in simple and apt way.

thanks you

Ankur Garg

Ankur Garg (Expert)
Follow

07 July 2009 Thanks for such kind words and encouragement Manmohan.

Regards

Message likes : 1 times