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notice

deepa (company secretary) (109 Points)

15 September 2010

Dear all

I am confused with a problem, can Annual General Meeting in certain circumstances be held without giving any written notice. If the notice is given by telephone call, will that be valid. The company is a public limited company.

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10 Replies

Shraddha Shukla (Corporate law Consultant) (346 Points)
Replied 15 September 2010

no it will not be valid, 21 days written notice period is mandatory

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Shekar (CA & LCS ) (1109 Points)
Replied 15 September 2010

agree with shradda

Ajay Mishra (Company Secretary) (74337 Points)
Replied 15 September 2010

Dear Friend

Issue of Notice of AGM to shareholders of the company is mandatory. There is no provisions for telephonic intimation of AGM in Companies Act, 1956.

Regards

CS Ajay Mishra

Rahul Ramesh (CA Final, BCom, MBA) (1084 Points)
Replied 15 September 2010

written notice is mandatory

CA Rahul Jain (Job) (148 Points)
Replied 15 September 2010

as per section 171 notice must be served in writting before the 21 clear day in case any short notice consent of all member is required

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CA Vinay Gandhi (CA) (858 Points)
Replied 15 September 2010

Written notice is compulsory for AGM.

Board meetings can be held at short notice if all directors agree.

NIRALI SOLANKI (JOINT MANAGER LEGAL & SECRETARIAL) (87 Points)
Replied 16 September 2010

Dear Deepa,

Issue of Telephonic Notice for Calling Annual Genral Meeitng is Invalid. Moreover, 21 days clear notice should be issued for calling Annual General Meeting in case of Limited Company.You can call annual general meeting at shorter period in case, if 95% of the shareholders have given their consent for the same.

Santosh (Student ( Final Year - New )) (348 Points)
Replied 16 September 2010

Posted On 15 September 2010 at 14:46

Dear Friend

Issue of Notice of AGM to shareholders of the company is mandatory. There is no provisions for telephonic intimation of AGM in Companies Act, 1956.

CS Ajay Mishra

Agreed

sheetal chechani (CS) (64 Points)
Replied 16 September 2010

appropriate rpl by Nirali

Nirav (Bcom, LLB, CA Final) (107 Points)
Replied 16 September 2010

Issue of Notice of AGM to shareholders of the company is mandatory. There is no provisions for telephonic intimation of AGM in Companies Act, 1956. Further, u can call AGM at a shorter period too if majority of the shareholders give the consent to it.