Answer» - Quorum is a minimum number of members to be present for a valid Meeting.
- As per the Companies Act, 2013, the quorum for the Annual General Meeting of a public company is as follows:
| No. of Shareholders | Quorum | | Up to 1000 | 5 Members | | 1000 – 5000 | 15 Members | | More than 5000 | 30 Members |
- For a private company minimum of 2 members should be present
- If the meeting is conducted without a quorum, it is considered invalid.
- In the absence of a quorum, Annual General Meeting is adjourned.
- Adjourned Meeting will be convened on the same day, same time, and the same place in the next week.
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