Under Section 103, the quorum for a shareholders' meeting (personally present, excluding proxies) is: 2 members for a private company; 5 members for a public company with up to 1,000 members; 15 members for a public company with 1,001–5,000 members; and 30 members for a public company with more than 5,000 members. If quorum is not present within 30 minutes of the scheduled time, the AGM is adjourned to the same day next week, while an EGM requisitioned by members stands dissolved.