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ACCA Applied Skills · Corporate and Business Law (Global) · Company meetings and resolutions

Zentra Ltd's articles are silent on quorum. Under the general company law rules applied in the LW Global syllabus, at a general meeting of a private company with several members, what is the usual default quorum when only one member attends in person?

Where the articles are silent, the default quorum for a general meeting of a company with several members is two qualifying persons, present in person or by proxy. One member alone is not enough unless a specific exception applies.

  1. ATwo members present in person or by proxy, so one member alone is not enough unless a statutory exception appliesCorrect
  2. BOne member present in person is always enough
  3. CHalf of all members must attend in person
  4. DA majority of the directors must attend

Explanation

The usual default quorum for a company with more than one member is two qualifying persons (members present in person or by proxy or authorised corporate representatives). A single attending member does not form a quorum unless a specific exception applies, such as a class of one member or a court order. The other options state requirements that do not reflect the default rule.

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