Prime Industries Ltd., a public limited company with 800 members, convenes its General Meeting at 11:00 AM on 15th March 2027. The Articles of…

CA Intermediate · Corporate and Other Laws · RTP · May 2026
Prime Industries Ltd., a public limited company with 800 members, convenes its General Meeting at 11:00 AM on 15th March 2027. The Articles of Association do not prescribe a higher quorum. At the meeting, the following individuals are present: Rahul Sharma, Priya Patel, and Vikram Singh (three individual members, present in person). Arjun Mehta, authorized by Horizon Pvt. Ltd. (a corporate member) through a board resolution to represent it. Neha Kapoor, authorized by Summit Ltd. (another corporate member) through a board resolution to represent it. Karan Desai and Maya Reddy (two individual members, present only by proxy). Arjun Mehta arrives at 11:15 AM. Discuss the quorum requirements as per the provisions of the Companies Act, 2013, addressing: (ii) Whether the meeting will deemed to be validly conducted if Arjun Mehta arrived at the meeting at 11:15 AM.

Suggested Answer and Working Notes:

The section further states that, if the required quorum is not present within half an hour, the meeting shall stand adjourned for the next week at the same time and place or such other time and place as decided by the Board of Directors. Since, Arjun Mehta is an essential part for meeting the quorum requirement, and he reaches at 11:15 AM (i.e. within half an hour of the starting of the meeting), the meeting will be valid.

Topics: Management & Administration

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