What does quorum mean in a company meeting?
Correct answer: A. The minimum attendance required for valid proceedings
- A. The minimum attendance required for valid proceedings
- B. The total number of shares issued by the company
- C. The number of votes needed for a special resolution
- D. The written notice sent before a company meeting
Explanation
Quorum is the minimum number of members or persons required to be present for a meeting to conduct valid business. It is different from the voting threshold for passing a resolution.
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About Company Law Basics
Company law covers incorporation, separate legal personality, limited liability, shares, the memorandum and articles of association, and the powers and duties of directors. It also includes shareholder meetings, resolutions, company records, audit, winding up and the differences between a registered company, partnership and sole proprietorship.
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