Quorum, Business Law and Ethics

QUORUM:

However a quorum is the minimum number of persons who must be present at a meeting in order that the meeting may validly transact the business for that it was convened.

Under Table A, article 53, no business is to be transacted at a general meeting unless a quorum of members is present "at the time when the meeting progressed to business".  In Re: Hartly Baird Ltd it was held such that the words "of the time when the meeting proceeds to business" mean that the quorum is required only at the time when the meeting begins.  There need therefore be no quorm after the meeting has began and it may be legally continued - provided there are at least two persons present who would constitute a valid meeting at common law

Posted Date: 1/12/2013 5:38:18 AM | Location : United States







Related Discussions:- Quorum, Assignment Help, Ask Question on Quorum, Get Answer, Expert's Help, Quorum Discussions

Write discussion on Quorum
Your posts are moderated
Related Questions
Compulsory Liquidation :                                       A petition is presented to the High Court under s.218 of the Companies Act.  The petition will specify one of the

One of the critical tasks we have as empirical political scientists is to assess the validity of the comments people around us make about the socio-political world. For this assign

DISCLAIMER OF ASSETS: The liquidator has a statutory right of disclaimer of assets: s.135.  The rules are: (a)     he must obtain leave of the court; (b)     the right o

Determine the role of Policy entrepreneurs These couplings are made, Kingdon argues that policy "entrepreneurs" brokers or middlemen, known as Policy entrepreneurs, play a key

Question 1: (A) What is an industrial dispute and what are the elements involved in the definition of an industrial dispute? (B) What are the various options available to t

List of Members: S.130(6) provides that the directors shall cause a list showing the names and postal addresses of the members of the company, and the number of shares held th

Which two fundamental treaties that provide substantive law Agency Statute The International Atomic Energy Agency Statute 1957 (IAEA) and the Nuclear Non-Proliferation Treaty 1

Managing Director: In Ellis v Bailey and Company (East Africa) Limited (76) it was stated that "without specific authority in the articles directors may not appoint one of the

Duties of the Principal - Agency Law However the duties of the principal for the agent are like: Remuneration Whether to pay the agreed commission where it becomes du

What are the features of the OMC process Participation is also seen as a central feature of the OMC process, especially if it is to be extended beyond 'top-down' to encompass '