21 October 2010
In case of adjourn EGM of a public company if only one member present, whethet it constitutes a valid meeting and business can be transected at that meeting.
No business can be transact if only one member present at the meeting (Quorum must be present as per the rule two or more people must be present for a meeting or one third member or two member must be present
21 October 2010
U/s 174(5) of the Companies Act if at the adjourned meeting also a quorum is not present within half an hour from the time appointed for holding the meeting ,the members present shall be a quorum. (but in any case a single member cannot transact the business unless there is only 2 members.but there is no prohibition by law.)
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