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MCQs · Q1

Q.A public company has 3,200 members as on the date of its general meeting. What is the quorum required under Section 103 of the Companies Act, 2013 (assuming the Articles do not prescribe a larger number)?
(A) 5 members
(B) 15 members
(C) 30 members
(D) 2 members

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✓ Free question

This question tests correct application of the sliding quorum scale for a public company under Section 103 of the Companies Act, 2013.

(A) 5 members — incorrect. This is the quorum only when total membership does not exceed 1,000, which is not the case here.

(B) 15 members — correct. Section 103 fixes quorum for a public company at 15 members personally present when the number of members as on the date of the meeting is more than 1,000 but not more than 5,000. With 3,200 members, this company falls squarely in that band, so the quorum required is 15.

(C) 30 members — incorrect. This higher quorum applies only when membership exceeds 5,000, which 3,200 does not.

(D) 2 members — incorrect. This is the quorum prescribed for a private company under Section 103, not for a public company of any size.

✓Final answer

(B) 15 members

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