Explanatory statement u/s 102 of companies act 2013.

No, it is required only for special business.  [Ref.Sec.102(1)].

 

Dear Nirmala,

Explanatory Statement for or dinary business is not required. it is only for special business.

then there is no need to file MGT-14 for Ordinary Resolution

Hi Nirmala, Mgt 14 is not required for ordinary business .....the ADDA as dealt in AGM falls under the purview of ordinary business....so MGT 14 not required for them.....all other business other than those 4 are termed as special business for which ordinary and/or special resolution will be required....so whether MGT 14 is required or not will depend on that particular purpose/resolution. Hopefully it is clear.if not revert here....

Thank You everyone