Section 4: Quorum

4. Quorum (1) Where a quorum is not present, no business shall, subject to subparagraph (3), be transacted at a meeting of shareholders. (2) A quorum for a meeting of shareholders shall be present where the shareholders or their proxies are present or have cast postal votes, who are between them able to exercise a majority of the votes to be cast on the business to be transacted by the meeting. (3) Where a quorum is not present within 30 minutes after the time appointed for the meeting— (a) in the case of a meeting called under section 118 (1) (b), the meeting shall be dissolved; (b) in the case of any other meeting, the meeting shall be adjourned to the same day in the following week at the same time and place, or to such other date, time and place as the directors may appoint; and [Issue 1] C35 – 220 Revised Laws of Mauritius (c) where, at the adjourned meeting, a quorum is not present within 30 minutes after the time appointed for the meeting, the shareholders or their proxies present shall be a quorum. (4) Subparagraphs (1) and (3) (a) and (b) shall apply notwithstanding any contrary provision in any constitution adopted by the company.