Requirement of Quorum under Companies Act, 2013

Munimji Training And Placement Academy12 Apr, 2021Education

A ?Quorum? in simple words means the minimum number of members that have to be present. Under the Act, the quorum for a General Meeting, a Board Meeting, and an Extraordinary General Meeting is enumerated within its provisions. A quorum refers to the minimum acceptable level of individuals with a vested interest in a company needed to make the proceedings of a meeting valid under the corporate charter. This clause or general agreement ensures there is sufficient representation present at meetings before any changes can be made by the board.