Quorum For General Meeting (AGM & EGM)

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 of meeting
Not more than 1,000
5 members personally present
More than 1,000 but up to 5,000
15 members personally present
Exceeds 5,000
30 members personally present

In the case of a Private company, —
  •  Quorum - 2 members personally present at the meeting.

Consequences of Quorum being not present

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 stand cancelled;
  • 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 determine;
    • 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 meeting

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.]

Secretarial Standards on Quorum for General Meeting along with FAQs is available at ICSI website and can be checked from there for latest version.

Extra Notes:
  1. The articles of association of the company can provide for a larger quorum number.
  2. Section 103 of the Companies Act, 2013 came into effect from 12th September 2013. [MCA Notification dt. 12th September 2013]
  3. Earlier similar provisions were prescribed under Section 174 of the Companies Act, 1956.
  4. Secretarial Standard 2 on General Meeting came into effect from 1st July 2015.

Page Last Updated: 31st October 2016