Skip to content

CA Intermediate · Corporate and Other Laws · Management & Administration

Kaveri Agro Ltd, a public company, has 600 members entitled to vote. Its articles are silent on quorum. Under the Companies Act, 2013, what is the minimum quorum for a general meeting of members present in person?

The quorum is five members personally present. For a public company with not more than 1,000 members, the Companies Act sets the quorum at five, rising to fifteen and thirty only for larger membership slabs.

  1. AFive members personally present
  2. BFifteen members personally presentCorrect
  3. CThirty members personally present
  4. DTwo members personally present

Explanation

For a public company, quorum depends on the number of members on the date of the meeting: five if up to 1,000 members, fifteen if 1,000 to 5,000, and thirty if above 5,000. With 600 members, five members personally present form the quorum. The fifteen option wrongly uses the next slab, which applies to over 1,000 members.

Did you get it right without looking?

One question tells you little. A timed set on Management & Administration shows your real accuracy, how long you take and where you lose marks.

Practise Management & AdministrationFree diagnostic mock

More Management & Administration questions