Holding egm
This query is : Resolved
Revati Sathe
(Querist)
27 March 2015
Can EGM of private Company be held on Sunday?
Arpit Shah
(Expert)
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
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
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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