A company having 277 members and in its ATM only 7 members present out of which 4 is via proxy.
Whether there is proper quorum.
4 Replies
Sana Sultana Mussu
(Student)
(5119 Points)
Replied 03 June 2018
public company or private company???
Sana Sultana Mussu
(Student)
(5119 Points)
Replied 03 June 2018
if the members as on the date of AGM are less than 1000 then the quorum is 5 members personally present..
in this case 4 members are proxies
and 3 members are personally present
so there is no quorum
in this case 4 members are proxies
and 3 members are personally present
so there is no quorum
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