Quorum for Extraordinary General Meeting (EGM) / Annual General Meeting (AGM)
Provisions under the Companies Act, 2013
Section 103 of the Companies Act, 2013 specifies the criterias for Quorum of a meeting.
In case of a Public company,—
If No. of members as on the date
Not more than 1,000
5 members personally present
More than 1,000 but up to 5,000
15 members personally present
30 members personally present
In the case of a Privatecompany, —
Quorum - 2 members personally present at the meeting.
Consequences of Quorum being not
If the quorum is not present within half-an-hour from the scheduled time
of the meeting —
In case the meeting is called by requisitionists under section 100, it shall
In all other cases , the meeting shall stand adjourned to the same day in the next week at the same time and
place, or to such other date and such other time and place as the Board may
the company shall give not less than 3 days’ notice to the members
notice can be given either individually or by publishing an advertisement in the newspapers
(one in English and one in vernacular language) which is in circulation at the
place where the registered office of the company is situated.
Quorum not present in adjourned
In case in the adjourned meeting, a quorum is not present within
half-an-hour from the scheduled time of the meeting, the members present shall be the quorum. [Here, members means atleast 2 members.]
articles of association of the company can provide for a larger quorum number.
Section 103 of the Companies Act, 2013 came into effect from 12th September 2013. [MCA Notification dt. 12th September 2013]
Earlier similar provisions were prescribed under Section 174 of the Companies Act, 1956.