103. 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
(b) the meeting, if called by requisitionists under section 100, shall stand cancelled:
Provided that in case of an adjourned meeting or of a change of day, time or place of
meeting under clause (a), the company shall give not less than three days notice to the
members 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.
(3) If at the adjourned meeting also, a quorum is not present within half-an-hour from
the time appointed for holding meeting, the members present shall be the quorum.