Power of Company Law Board to Order Calling of Extraordinary General Meeting :
If for any reason, it is impracticable to call a meeting of a company, other than an annual general meeting, or to hold or conduct the meeting of the company, the Company Law Board may, either i) on its own motion, or ii) on the application of any director of the company, or of any member of the company, who would be entitled to vote at the meeting, order a meeting to be called and conducted as the Company Law Board thinks fit, and may also give such other ancillary and consequential directions as it thinks fit expedient. A meeting so called and conducted shall be deemed to be a meeting of the company duly called and conducted.
Procedure for Application under Section 186 :
An application by a director or a member of a company for this purpose is required to be made to the Regional Bench of the Company Law Board before whom the petition is to be made in Form No 1 specified in Annexure II to the CLB Regulations with a fee of Rs200. The petition must e accompanied with the following documents -
a. Evidence in proof of status of the applicant.
b. Affidavit verifying the petition.
c . Bank draft evidencing payment of application fee.
d. Memorandum of appearance with copy of the Board’s resolution or executed vakalat nama, as the case may be.
If for any reason, it is impracticable to call a meeting of a company, other than an annual general meeting, or to hold or conduct the meeting of the company, the Company Law Board may, either i) on its own motion, or ii) on the application of any director of the company, or of any member of the company, who would be entitled to vote at the meeting, order a meeting to be called and conducted as the Company Law Board thinks fit, and may also give such other ancillary and consequential directions as it thinks fit expedient. A meeting so called and conducted shall be deemed to be a meeting of the company duly called and conducted.
Procedure for Application under Section 186 :
An application by a director or a member of a company for this purpose is required to be made to the Regional Bench of the Company Law Board before whom the petition is to be made in Form No 1 specified in Annexure II to the CLB Regulations with a fee of Rs200. The petition must e accompanied with the following documents -
a. Evidence in proof of status of the applicant.
b. Affidavit verifying the petition.
c . Bank draft evidencing payment of application fee.
d. Memorandum of appearance with copy of the Board’s resolution or executed vakalat nama, as the case may be.
Power of Company Law Board to Order Calling of EGM
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