Sec 115 states that for removal of director by members... this has to be fulfiled....
--members hold not less than 5 lacs paid up share capital of company or
-- have not less than 1% of voting power
But assume a shareholder have 10 shares of Rs 10 each...... means 1% voting power.... is he eligible to send special notice????
I came through many contraversial answers of the institute too.
suggest the appropriate answer???
Sec 115 of companies act 2013
Sahil Sood (16 Points)
05 December 2016