Law Aspire (CS) (755 Points)
21 April 2017In a General meeting of a Public limited Company , if there are 50 Members who are Companies,
Can they appoint a single person as a duly authorized representative for attending the General meeting. For every company will he be considered as Member Present in Person?
Sudhir Todkar
(CS Professional)
(1021 Points)
Replied 22 April 2017
Ankit Goyal
(21 Points)
Replied 25 April 2017
Ankit Goyal
(21 Points)
Replied 25 April 2017
Law Aspire
(CS)
(755 Points)
Replied 26 April 2017
I am talking about person representing Body Corporate and Not Proxy.
Khadija Vahora
(Company Secretary)
(35 Points)
Replied 17 May 2017
As per SS-2, one person can be an authorised representative of more than one body corporate. In such a case, he is treated as more than one Member present in person for the purpose of Quorum. However, to constitute a Meeting, at least two individuals shall be present in person. Thus, in case of a public company having not more than 1000 members with a Quorum requirement of five Members, an authorised representative of five bodies corporate cannot form a Quorum by himself but can do so if at least one more Member is personally present.
Hence, 1 Authorised Representative(AR) will not constitute quorum. At least 2 ARs are required.
Excel Mastery Program
CAclubindia
