Notice of agm
This query is : Resolved
Santhosh Ganesh
(Querist)
02 September 2014
Sec 101(1) of Companies Act 2013 clearly says that the company has to give 21 days of notice to its members for calling an General Meeting
Can a private limited company reduce such time by its AoA
Can a private limited company reduce such time by its AoA
Ankur Garg
(Expert)
02 September 2014
No you cannot draft your AOA in such a way to relax provisions of Law.
21 days notice is in favour of shareholders in order to provide them ample time for understanding of financials and other related docs. Reducing this time would not be in favour of shareholders and thus against intention of law.
Thanks
21 days notice is in favour of shareholders in order to provide them ample time for understanding of financials and other related docs. Reducing this time would not be in favour of shareholders and thus against intention of law.
Thanks
Santhosh Ganesh
(Querist)
03 September 2014
thanks a lot sir for your reply
Ankur Garg
(Expert)
04 September 2014
You are always welcome Santosh and keep sharing your law related doubts through the platform of Caclubindia.
Regards
Regards
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