company law AGM and EGM.

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This query is : Resolved

sadhik (Querist)

07 October 2009 A private Ltd Co. with two members and both are directors of the same company.
One of them wants to call AGM or EGM and another director resist.

What provision availabel to the agreed director to held an AGM except notice to Company Law Board or NCLT.??

What will be the provision of EGM on the facts that only two members in the company.IS it possible to held EGM on Sua-moto.

Hope you will provide relevant answer for the situation based on Company Law and court decree of the same.

Thanks in advance for the right information provided by you.

THANK YOU.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

07 October 2009 One person can request for egm through court. Since only two persons are there the egm should be conducted through court supervision. The court will appoint the officer to conduct egm depending on the matter for which egm is being called for and the amount involved.

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Ankur Garg

Ankur Garg (Expert)

07 October 2009 For AGM calling==Refer section 167-Central Govt. may act on the application of any member.

For EGM calling==Refer section 186-CLB/TRIBUNAL may act on the application of any director or member.

Regards

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