Mgt-14 query

SHRIRAM PRASAD   22 August 2019


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For a Private company an ordinary  resolution was passed in EGM for issuing ESOP shares.  In my view we do not need to file MGT-14 because this is ordinary resolution. Can someone confirm the same? 


Yog Bakshi   07 September 2019

Yog Bakshi

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Any business transacted at an EGM is special business and even though there is no such relation between special business and special resolution, in this case I believe it is a special resolution and so MGT-14 should be filed. It would be wise , however to wait for other replies.

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