Quorum for meetings
(1)
Unless the articles of the company provide for a larger number,—
(a)
in case of a public company ,—
(i)
five members personally present if the number of members as on the date of meeting is not more than one thousand;
(ii)
fifteen members personally present if the number of members as on the date of meeting is more than one thousand but up to five thousand;
(iii)
thirty members personally present if the number of members as on the date of the meeting exceeds five thousand;
(b)
in the case of a private company , two members personally present, shall be the quorum for a meeting of the company.
(2)
If the quorum is not present within half-an-hour from the time appointed for holding a meeting of the company—
(a)
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; or