Company Meetings – I — Secretarial Practice STD 11 Commerce / Arts — Question

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.