A. For a Public company, minimum 5 members personally present in case of number of members is not more than, 1000.
B. For a Public Company, minimum 20 members personally present, when number is more than 1,000 but up to 5,000.
C. For a Public Company, minimum 30 members personally present, when number of members is more than 5,000.
D. In case of Private Company, minimum 3 members personally present.
E. One member may constitute a valid Quorum in case Tribunal calls or directs the calling of a general meeting.
Choose the correct answer from the options given below :
The quorum is the minimum number of members required to be present for a general meeting to be considered validly convened. The rules differ based on the company type and membership size, as outlined in the Companies Act, 2013.
Section 103 of the Companies Act specifies the quorum for public companies:
For a private company, the minimum requirement is 2 members present in person. Statement D, stating 3 members, is incorrect.
An exception applies when a meeting is called or directed by the Tribunal. In such cases, only one member present in person or by proxy is sufficient to form the quorum. Statement E is correct.
The correct statements regarding the quorum requirements are A, C, and E.
Therefore, the combination A, C, and E is accurate.
| List - I | List - II |
| A. Ambiguous instrument | I. An incomplete or blank negotiable instrument properly stamped and signed. |
| B. Inchoate instrument | II. A bill of exchange drawn on a specified banker, payable on demand |
| C. Cheque | III. An instrument, which is in such form that it may either be treated as bill of exchange or promissory note. |
| D. Bank draft | IV. It is an order issued by one bank to another or on its own branch instructing to pay a sum of money to a specified person or his order. |
| List - I | List - II |
| A. Direct Material | I. Stores used for maintaining machines |
| B. Indirect Material | II. Cloth in dress making |
| C. Indirect Labour | III. Factory rent |
| D. Indirect Expense | IV. Salary paid to foreman and Supervisors |
| List - I | List - II |
| A. Article of Association (AoA) of a company limited by guarantee and not having share capital | I. Table I |
| B. AoA of an unlimited company and having share capital | II. Table F |
| C. AoA of company limited by share | III. Table G |
| D. AoA of company limited by Guarantee and having share capital | IV. Table H |