Kavita Ltd. scheduled its Annual General Meeting to be held on 11th March 2020 at 11:00 A.M. The company has 900 members. On 11th March 2020 following persons were present by 11:30 A.M.
1. P1, P2 & P3 shareholders
2. P4 representing ABC Ltd.
3. P5 representing DEF Ltd.
4. P6 & P7 as proxies of the shareholders
(i) Examine concerning relevant provisions of the Companies Act, 2013, whether a quorum was present in the meeting.
(ii) What will be your answer if P4 representing ABC Ltd., reached the meeting after 11:30 A.M.?

Answer rating: 100% (QA)

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