1 Answers
Quorum is the minimum number of members required to be present for transacting a valid business. Without a quorum, the proceeding of the meeting becomes invalid. The quorum should be present throughout the meeting i.e. from beginning till the end of the meeting. Secretary must check the quorum before the commencement of the meeting.
Provision relating to Quorum (Companies Act, 2013)
(i) Quorum for General Meeting:
In the case of a Public Company: Quorum depends on a number of shareholders.
| No. of shareholders | Quorum |
| Up to 1000 | 5 members |
| 1000 – 5000 | 15 members |
| More than 5000 | 30 members |
In the case of a Private Company: Two members personally present shall be the quorum for the meeting.
(ii) Quorum for Board Meeting:
According to the provision in the Companies Act, a quorum for the board meeting is l/3rd of its total directors or two directors whichever is higher. Any fraction should be rounded to one.