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Quorum for Meetings of Members

Quorum for Meetings of Members

Quorum is the minimum number of officers and members of a committee or organization, usually a majority, who must be present for valid transaction of business.

Quorum for Meetings of Members –

Section 103 of the Companies Act, 2013 contains provisions for quorum for meetings of members.

It states that unless the articles of the company provide for a larger number,—

(a)  in case of a public company,—

(i)  five members personally present if the number of members as on the date of meeting is not more than one thousand;

(ii)  fifteen members personally present if the number of members as on the date of meeting is more than one thousand but up to five thousand;

(iii) thirty members personally present if the number of members as on the date of the meeting exceeds five thousand;

(b)  in the case of a private company, two members personally present, shall be the quorum for a meeting of the company.

If the quorum is not present within half-an-hour from the time appointed for holding a meeting of the company—

(a)  the meeting shall stand adjourned to the same day in the next week at the same time and place, or to such other date and such other time and place as the Board may determine; or

(b)  the meeting, if called by requisitionists under section 100, shall stand cancelled.

In case of an adjourned meeting or of a change of day, time or place of meeting in case of public company, the company shall give not less than three days notice to the members –

(i) either individually or

(ii) by publishing an advertisement in the newspapers (one in English and one in vernacular language) which is in circulation at the place where the registered office of the company is situated.

Quorum at the adjourned meeting –

If at the adjourned meeting also, a quorum is not present within half-an-hour from the time appointed for holding meeting, the members present shall be the quorum for meetings.

Quorum for Meetings of Members

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