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    SECTION 103 OF THE COMPANIES ACT, 2013

    Posted By : Sohil / Published on : 17-Feb-2023 07:39 AM / View : 205 / Comment : 0

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    Dear All,

    According to section 103 of Companies Act, 2013, in case of a private limited company, 2 members personally present shall be the Quorum. If Quorum is not present within half an hour from the time appointed for holding a meeting, then the meeting shall stand adjourned, and if at the
    adjourned meeting also, Quorum is not present, the members present shall be the Quorum. If the private company has only 2 shareholders and out of these, if one cannot attend the AGM then according to above, whether one person attending the adjourned AGM, would be taken as quorum?
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