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A company having 5600 members holds its AGM with 34 members present (7 via proxy, of whom 6 are represented by a single proxy Mr Das). The Articles are silent on quorum. The quorum requirement is:
AMet — 34 personally present exceeds the 30 quorum for >5000 members
BNot met because Das represents 6 — counted as one only
CMet — proxies count as members
DNot met — quorum requires 50 members
Answer & Solution
Correct answer: A. Met — 34 personally present exceeds the 30 quorum for >5000 members
1. For >5000 members the statutory quorum is 30 personally present.
2. 34 are physically present at the meeting, so quorum is met regardless of how proxies are counted.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — Management and Administration_