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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2016 Can special resolution for variation of a particular class of shares under section 48 of Companies Act 2013 be passed in AGM or is a separate meeting of members of that class is required?

Jatin Bajaj

Jatin Bajaj (Expert)
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31 May 2016 According to section 48 of Companies Act 2013, where share capital of Company is divided into shares, the rights attached to the shares may be varried with consent in writing of members holding atleast 75% of issued shares of that class or by special resolution passed at the seprate meeting of the holders of the issued shares of that class

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2016 Sir my query is that since AGM is meeting of members only , so can special resolution be passed in AGM?

Jatin Bajaj

Jatin Bajaj (Expert)
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31 May 2016 Yes, special Resolution can be passed in AGM provided special notice shall be given to move such resolution shall be given by members to the Company

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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2016 okay..thanks a lot sir...

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