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of <h1>Understanding Quorum Rules: Section 103 of Companies Act, 2013 Sets Member Requirements for Company Meetings</h1> Section 103 of the Companies Act, 2013, outlines the quorum requirements for company meetings. For public companies, the quorum is five members if the total membership is up to 1,000, fifteen members if between 1,000 and 5,000, and thirty members if more than 5,000. For private companies, two members are required. If the quorum is not met within thirty minutes, the meeting is adjourned to the same day the following week or another date set by the Board, with at least three days' notice given. If the adjourned meeting lacks a quorum, the members present will constitute the quorum.
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