Hello everyone,
What is the quorum at Committee of Creditors constituted as per IBC 2016?
Hello all,
Can an AOA of a Private company provide larger Quorum in Board meeting?
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?
Dear Professionals,
A Pvt ltd co has two shareholders,one is foreign holding co and another is an non resident individual. Individual is holding one share and he is unable to attend AGM.If he appoints a proxy,the quorum cannot be formed.Kindly resolve the query
Proxies are not counted for quorum under which section can i find this?
Members I am struck with a problem..
One Foreign co. Have 3 directors,
1. Indian
2. Foreigner
3. Indian but had a dispute and left the company in june 2017.
Now the issue is..
1. Filing for Resignation of director was not done
2. Annual filing 2017-18 not done
3. INC 22A not filied.
Now for filing INC 22A i need to file 2017-18 financials but i dont have quorum for adoption of account.. What to do?
Please help.. I am really struck with this issue
Dear members,
I have 2 queries on this:
1) 50 people did E-Voting. But in AGM only 10 people came. The quorum requirement was 15. So whether it can be said that quorum was fulfilled as 50 people had already voted through E-Voting?
2) Can the Company withdraw any resolution after E-Voting but before the AGM?
Kindly advice.
When a foreign director joins the meeting by audio/video
conference, (where he is counted for the purpose of quorum u/s 174),
is it sufficient to say that foreign director was not absent u/s 167(1) (b)
even if he does not physically attend even a single Board meeting in a
period of 12 months?
A pvt ltd company has two shareholders. one foreign co. and other is the director of that co. EGM has to be held, that foreign director cannot come to attend it. Company's authorized representative and one proxy cannot constitute quorum... what can be done here?
Click here to view / answer Share it onIf two directors are the only two shareholders of a private company and one of them dies? Whether the remaining alive director cum shareholder has the right to appoint another director, as this may not fulfil the criteria of a quorum of a meeting?
Click here to view / answer Share it onAccording 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. In case, there are only 2 shareholders. Out of these, one cannot attend AGM, according to above, whether one person attending the AGM, would be taken as quorum in case of adjourned meeting?
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