15 September 2013
You can take the date on Saturday. 14 days is just a minimum requirement and notice under 257 can be given more than 14 days before the AGM.
Thanks
Querist :
Anonymous
Querist :
Anonymous
(Querist)
15 September 2013
Sir what if the company accepts the nomination on Sunday to provide an extra day to directors? Is it valid?
If AGM date is 30 july than Notice of AGM date will be in the first week of July which means you have got the letter u/s 257 before approving the notice of AGM.
Reason being only after receiving the notice u/s 257, you can put the resolution in AGM notice.
Since section 257 does not say that tender of nomination should be before a particular time on last day, rejection of nomination on ground that deposit was tendered one minute later than 3.30 p.m. i.e., office hours, for cash transactions, would be erroneous inasmuch as it contravened provisions of section 257. [Oriental Benefit and Deposit Society Ltd. v Bharat Kumar K. Shah (2001) 30 SCL 246 (Mad)].
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 September 2013
Ajay Sir and Ankur Sir, what is the relevance of 257 time for 14 days if nomination has to be only incorporated in AGM notice?