09 April 2013
Company had convened a AGM with a short notice & proceedings of the said meeting were conducted & necessary resolutions were passed. Would this be a valid meeting? If no, then would all the proceedings be void ab initio? Is there any provision under the Companies' Act to compound such offences if the meeting falls short of the statutory period & the Company has not taken any steps to rectify the defect of the notice period. Esteemed opinions are welcome with relevant case laws if any.