EGM Quorum
meenakshi chandani (44 Points)
04 July 2018
What quorum should be there in EGM. Is it by members or by shares held by members...Majority is taken by which aspect?
3 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 04 July 2018
The following number of members shall constitute a valid quorum:
In the case of public company: five members personally present; and
In the case of any other company: two members personally present.
In the case of a company having a share capital, members holding not less than one-tenth of such paid-up capital of the company that carry voting rights in regard to that matter as on the date of depositing the requisition.
In the case of public company: five members personally present; and
In the case of any other company: two members personally present.
In the case of a company having a share capital, members holding not less than one-tenth of such paid-up capital of the company that carry voting rights in regard to that matter as on the date of depositing the requisition.
meenakshi chandani
(44 Points)
Replied 04 July 2018
But i am asking the case of EGM,as it requires special resolution...We can't pass special resolution by two members in total of 10 members
Rekha Chacko
(2 Points)
Replied 17 July 2018
Can one member holding more than 10% shareholding constitute quorum where EGM is held at the requisition of shareholders holding more than 10%
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