Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Egm

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Akash

Akash (Querist)

14 September 2014 plz explain me the critaria for calling EGM.. and how many minimun days is required to call EGM

c.bakshi

c.bakshi (Expert)

14 September 2014 EGM means a General meeting other than AGM

Following are the cases where One can Call EGM

1. Board of directors on their own motion
2. BOD on the request of members
3. By Tribunal/CLB

For Passing Special Resolutions, The company needs to take the approval of Shareholders is required and EGM be called by the Board of Directors
Step 1: Convened a board meeting

2: Discuss the matters and Authorise One Director to issue the notice of General Meeting to every shareholders at their respective addresses.

3. The Gap Between the meeting and the Notice atleast for a period of 21 days and not more than 45 days otherwise a fresh requisition be filed on the expiry of 45 days

4. for requisition by a member, atleast 1/10th no. of member or 10% voting power must possessed by a member or members.

5. requisition must be in writing

6. It shall be held on Business hours and can be held on National Holiday (With the power of Articles)

7. The matter shall enclosed a Explanatory Statement as per Section 102 of the Companies Act, 2013

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now