Easy Office
Easy Office

help in law

Page no : 2
* Krishna *

* Krishna * (CA Student) (6149 Points)
Replied 11 October 2010

In case of Quorum for a public company, 5 members personally in attendance at the meeting is required. No proxy is counted in forming the quorum. As per section 174 it appears that these 5 members may be entitled to vote on all resolutions or only in respect of one resolution on none at all. If the Chairman finds that the minimum number of 5 members is present, he can proceed with the business of the meeting. It has been held that the quorum must be effective members, members competent to take part in and to decide upon the questions brought before the meeting. So, meeting is not valid.

1 Like
Upgrade to CAclubindia Pro. Subscribe Now!

mannoj

mannoj (striving for success) (501 Points)
Replied 11 October 2010

but here only one share  is held by X, not all shares(pref)


pankaj soni

pankaj soni (Student) (36 Points)
Replied 13 October 2010

ya u  r right...this meeting is not valid..... i wrote it by mistake.............. sorry............
 



Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Join CCI Pro

Recent Topics


More recent discussions | Post

Related Threads


Loading

Popular Discussion


    Loading please wait

view more »


Start a New Discussion
CCI Pro

Trending Online Classes

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home
Popular Threads
Recent Posts
Unreplied Threads
Post New Topic
Settings