16 April 2013
If there is a short notice of AGM and Form 22 has not been obtained from the shareholders which is a pre requisite, can the offence be compounded under the Indian Companies Act?
I cannot find any compounding provisions. However it may be noted that you cannot ask for post facto consent for the shorter Notice for EGM/AGM. Please also note that in case the resolutions are passed without complying the provisions of minimum notice period they can be ratified only by the members in the next General Meeting.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 April 2013
Under which provision/s, can the resolutions be ratified, if the meeting itself is invalid, as Form 22 as prescribed has not been obtained by the Company from the shareholders.
CAclubindia
