Sec 115 of companies act 2013

ACCORDING TO SECTION 115 OF THE COMPANIES ACT 2013, A SPECIAL NOTICE IS REQUIRED TO BE SENT BY MEMBERS IN CASE OF REMOVAL OF DIRECTOR OF THE COMPANY PROVIDED MEMBERS SHALL AT LEAST 1% OF THE TOTAL VOTING POWER OR HOLDING SHARES NOT LESS THAN 5 LAKH HAS BEEN PAID UP.ON THE DATE OF NOTICE.

If the total subscribed & paid-up capital of the  company consists of 10,000 equity shares, a member holding 100 shares (1% voting power) can send special notice. Where is the dispute?

 

yes sir I agree to this.....but i faced different answers where nothing is given about total no of shares in the question.....just given that a person holds 10 shares of Rs 10 each...is he eligible to send special notice ?? The answer to this was merely 10 shares will not make him eligible to send special notice what assumption we should take for writing in the exams of ICAI ??

yes sir I agree to this.....but i faced different answers where nothing is given about total no of shares in the question.....just given that a person holds 10 shares of Rs 10 each...is he eligible to send special notice ?? The answer to this was merely 10 shares will not make him eligible to send special notice what assumption we should take for writing in the exams of ICAI ??

In this case you can write in the exam that yes, he can also send special notice  provided it amounts to 1% or more of the total voting power.

 

ok 

Thanks Sir