buy back
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2011
can a company hold board meeting and extra ordianry general meeting to approve buy back of shares on the same day? 21 days notice is mandatory or not?
11 April 2011
yes, 21days clear notice is mandatory, since it will possess all the details of Buyback.
2ndly, unless approved by Board (if BB is within board limits) how can BB be intimated to members and take effect during EGM.
2ndly, unless approved by Board (if BB is within board limits) how can BB be intimated to members and take effect during EGM.
12 April 2011
As per Section 171(2)(ii), a General Meeting can be convened by giving shorter notice, if consent thereto is accorded by members holding not less than 95% of the paid of capital of the company.
So if consent of 95% of the shareholders (in closely held companies, it may be possible) could be obtained for shorter notice, then BM and EGM can be convened on the same day.
So if consent of 95% of the shareholders (in closely held companies, it may be possible) could be obtained for shorter notice, then BM and EGM can be convened on the same day.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
