50. Quorum refers to the
(A) min. no. of members who haust be present at a meeti
(B) max. no. Anfembers who must be present at meetin
(C) 5 no. of member should be present
(D) none of these
Answers
Answer:
The general rule is that at least two Directors or one-third of the total number of Directors, whichever is higher should be present in order to constitute a quorum of a meeting of the Board and for a General Meeting, at least five members of a company should be personally present in the case of public company (other than a public company which has become such by virtue of section 43A) and at least two members should be personally present in the case of any other company. In exception to the above provisions, there may be valid meeting with 'one person' present. Following are the cases of one-man meeting:
(a) Where all of the shares of a particular class (Preference Shares) are held by one person, that person can constitute a meeting of preference shareholders., This may also happen in the case of debenture-holders' meeting where all the debentures issued by a company are held by one person.
(b) Usually the articles of companies authorize the Board of Directors, subject to the provisions of the Companies Act, to delegate any of its powers to a committee consisting of such Director or Directors as it thinks fit, and if there is no stipulation in such delegation in regard to quorum, one person, if he forms such committee, shall constitute a valid meeting of that committee.
Explanation:
ans is ( a) min no of members who host be present