Holding egm

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Revati Sathe

Revati Sathe (Querist)
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27 March 2015 Can EGM of private Company be held on Sunday?

Arpit Shah

Arpit Shah (Expert)
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27 March 2015 Sec 100: Call an Extra Ordinary General Meeting

1) Board shall proceed to call EGM at the requisition made by members holding on the date of receipt of requisition
2) At least 1/10 of share capital carrying voting right (in case of company having share capital or capital) as on the date of receipt of requisition 1/10 of total voting power (in case of company not having share CAPITAL) as on date of requisition
3) The meeting can be called by the requisitions in case of no meeting is held within 45 days from the date of receipt of requisition
4) Such meeting held by the requisitions within 3 months from the date of such requisition
5) All the reasonable expenses shall be reimbursed to the requisitions by the company and sums so paid shall be deducted from any fee or other remuneration under sec 197 payable to such directors who were in default

It Will Not Held On Public Holiday Or On Sunday

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 March 2015 No. EGM should be conducted on a 'working day'. Please see proviso to rule 17(2) of the Companies (Management & Administration) Rules,2014.

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