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Egm by requisition

Aakanksha Jain (10 Points)

05 November 2017

please someone can tell me exactly the whole section 100(4)?

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Rushabh (Ipcc) (25 Points)
Replied 05 November 2017

when BOD finals to call EGM
members may call EGM by themselves
and all expenses incurred by requisitionists for that meeting shall be deduced from defaulting BOD

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Rushabh (Ipcc) (25 Points)
Replied 05 November 2017

fails*

Aakanksha Jain (10 Points)
Replied 05 November 2017

can you please explain the days too ?

Rushabh (Ipcc) (25 Points)
Replied 05 November 2017

means
board shall call meeting within 21 days from date of receipt of valid requisition .
and that called meeting shall be held within 45 days form the date of receipt of valid requisition .
eg.
if receipt of requisition is issued on 1st March
then board shall call meeting within 21 days i. e. on or before 21st March
and that meeting shall be held within 45 days from the date of receipt of acquisition i.e. on or before 14th April.

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Aakanksha Jain (10 Points)
Replied 05 November 2017

thanks a lot :)

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Rushabh (Ipcc) (25 Points)
Replied 05 November 2017

welcome

R Chhabadia (23 Points)
Replied 06 November 2017

EGM by requisition under section 100 (4) read with management and administration rules 2014
Requisition gets 90 days to held the meeting and must have at least 10%of voting power