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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 72

Quorum for a general meeting.

72. In order to constitute a meeting (whether ordinary or extraordinary) there
shall be present, either personally or by proxy, the prescribed quorum, and if
no quorum be prescribed then shareholders holding in the aggregate not less
than one twentieth of the capital of the company and being in number not less
than one for every five hundred pounds of such required proportion of capital,
unless such number would be more than twenty, in which case twenty
shareholders holding not less than one twentieth of the capital of the company
shall be the quorum; and if within one hour from the time appointed for such
meeting the said quorum be not present no business shall be transacted at a
meeting, other than the declaring of a dividend, in case that shall be one of
the objects of the meeting, but such meeting shall, except in the case of a
meeting for the election of directors, herein-after mentioned, be held to be
adjourned sine die.

© 1845 Crown Copyright

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