Cap 426C s 4 Quorum (OCCUPATIONAL RETIREMENT SCHEMES (EXEMPTION FROM AUDIT) RULES; OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE)

Contents of Section

Chapter:	426C	Title:	OCCUPATIONAL RETIREMENT SCHEMES (EXEMPTION FROM AUDIT) RULES	Gazette Number:
Section:	4	Heading:	Quorum	Version Date:	30/06/1997

(1) The quorum for a meeting shall be-

(a) 10% of the members of the scheme; or

(b) 5 members of the scheme,

whichever is greater, attending the meeting in person except that, if a scheme has fewer than 5 members, a quorum shall be all the members of the scheme personally present.
(2) If a quorum is not present at the meeting, the meeting shall be adjourned to the same day the following week and, if at the adjourned meeting a quorum is not present within half an hour from the time appointed for the meeting, the members present shall constitute a quorum.

(Enacted 1993)