CS Executive · Company Law and Practice · General Meetings
A Producer Company has 400 members, and its articles do not prescribe a larger number for quorum. What is the minimum quorum for its annual general meeting under the quoted provision?
The quorum is 100 members. Section 378ZA(9) fixes the quorum for a Producer Company's annual general meeting at one-fourth of the total number of members unless the articles provide a larger number, and one-fourth of 400 is 100.
- A100 members, being one-fourth of the total number of membersCorrect
- B133 members, being one-third of the total number of members
- C200 members, being one-half of the total number of members
- D5 members personally present
Explanation
Section 378ZA(9) makes one-fourth of the total number of members the quorum for a Producer Company's AGM, unless the articles provide a larger number. One-fourth of 400 is 100. One-third would be a different fraction not stated in the provision.
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