PQ Limited is a public company having its registered office in Mumbai. It has 3680 members. The company sent notice to all its members for its Annual General Meeting to be held on 2nd September 2019 (Monday) at 11:00 AM at its registered office. On the day of the meeting, there were only 12 members personally present up to 11:30 AM. The Chairman adjourned the meeting to the same day next week at the same time and place.
On the day of the adjourned meeting, only 10 members were personally present. The Chairman initiated the meeting after 11:30 AM and passed the resolutions after discussion as per the agenda of the meeting given in the notice. Comment whether the AGM conducted after an adjournment is valid or not as per the provisions of section 103 of the Companies Act 2013 by explaining the relevant provisions in this regard. What would be your answer in the above case, if PQ Limited is a Private company?