In the context of Section 174, what is the correct procedure if a quorum is not met within half an hour from the time appointed for holding a meeting?

1
The meeting is cancelled and must be rescheduled
2
The meeting is adjourned to the next day
3
The meeting is adjourned to the same day in the next week, at the same time and place
4
The meeting continues with present members
5
The Chairman makes the final decision

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