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of <h1>Quorum Rules for Company Meetings: Section 174 of Companies Act, 1956 Explained with Member Requirements and Adjournment Procedures.</h1> Section 174 of the Companies Act, 1956, outlines the quorum requirements for company meetings. For public companies, except those classified under section 43A, a quorum consists of five members present. For other companies, two members suffice. If a quorum is not met within 30 minutes of the scheduled time, meetings called by member requisition are dissolved. Otherwise, the meeting is adjourned to the same day the following week or another specified time and place. If the adjourned meeting still lacks a quorum, the members present will constitute a quorum.
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