Basic query i n law
This query is : Resolved
12 November 2013
Whether below answer is correct?
Examine the validity of the following with reference to the relevant provisions of the companies Act,1956:
1)1)The Board of directors of a company refuse to convene the extraordinary general meeting of the members on the ground that the requisitionists have not given reasons for the resolution proposed to be passed at the meeting.
Ans;
The requisitions must state the objects of the meeting.i.e,it must set out the matters for the consideration of which the meeting is to be called.
However,the requisitionists are under no obligation to attach the explanatory statement to the requisition.It is for the Board of directors,on receipt of the requisition,to include in the notice convening the meeting,thee necessary explanatory statement.
In the given problem (i)The Board of directors may refuse to convene the meeting because reasons for the resolution is not given.
I will be very much thankful to you.
Examine the validity of the following with reference to the relevant provisions of the companies Act,1956:
1)1)The Board of directors of a company refuse to convene the extraordinary general meeting of the members on the ground that the requisitionists have not given reasons for the resolution proposed to be passed at the meeting.
Ans;
The requisitions must state the objects of the meeting.i.e,it must set out the matters for the consideration of which the meeting is to be called.
However,the requisitionists are under no obligation to attach the explanatory statement to the requisition.It is for the Board of directors,on receipt of the requisition,to include in the notice convening the meeting,thee necessary explanatory statement.
In the given problem (i)The Board of directors may refuse to convene the meeting because reasons for the resolution is not given.
I will be very much thankful to you.
12 November 2013
yes it is correct. The reason for requesting EGM is mandatory.
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