02 September 2014
Sec 101(1) of Companies Act 2013 clearly says that the company has to give 21 days of notice to its members for calling an General Meeting
Can a private limited company reduce such time by its AoA
02 September 2014
No you cannot draft your AOA in such a way to relax provisions of Law. 21 days notice is in favour of shareholders in order to provide them ample time for understanding of financials and other related docs. Reducing this time would not be in favour of shareholders and thus against intention of law.
CAclubindia
