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Quarum

In company law, a quorum is the minimum number of members required to be present at a meeting for it to be legally valid. It varies by company type and ensures that decisions are made with adequate representation, preventing a small minority from dominating. If a quorum is not present, any actions taken during the meeting are deemed invalid.

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26 views1 page

Quarum

In company law, a quorum is the minimum number of members required to be present at a meeting for it to be legally valid. It varies by company type and ensures that decisions are made with adequate representation, preventing a small minority from dominating. If a quorum is not present, any actions taken during the meeting are deemed invalid.

Uploaded by

temmybryan74
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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In company law, a quorum refers to the minimum number of members required to be present at a
meeting to make it legally valid and allow business to be transacted. The purpose of a quorum is to
ensure that meetings are not dominated by a small minority and that decisions are made with sufficient
representation.

Features of Quorum:

 Minimum Requirement:

A quorum is the minimum number of members who must be present to conduct business.

 Varies by Company Type:

The specific quorum requirements may vary depending on the type of company (public, private, etc.)
and can also be specified in the company's bylaws.

 Ensures Representation:

A quorum helps to ensure that decisions are made with sufficient representation of the company's
members.

 Prevents Minority Rule:

It prevents a small minority from controlling decisions without a broader mandate.

 Validates Meetings:

If the quorum is not present, any actions taken at the meeting are considered invalid.

 Can be Fixed:

The number of members required to form a quorum can be fixed by the directors, or in the absence of a
fixed number, it may be two

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