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Justify the following statement:

The Quorum for the Annual General Meeting of a public company depends upon the number of shareholders.

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1 Answers

  • Quorum is a minimum number of members to be present for a valid meeting.
  • As per the Companies Act, 2013, the quorum for the Annual General Meeting of a public company are as follows:
No. of Shareholders Quorum
Up to 1000 5 Members
1000 – 5000 15 Members
More than 5000 30 Members
  • If the number of shareholders is up to 1000, then the required quorum is 5 members.
  • If the number of shareholders is more than 1000 and up to 5000, then the required quorum is 15 members.
  • If the number of shareholders exceeds 5000 then the quorum is 30 members for a public company.
  • In the absence of a quorum, if the meeting is conducted or a resolution is passed, it is considered illegal and invalid.
  • In the absence of a quorum, the meeting is adjourned to the same day, same place, and same time in the next week.

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