What is twenty-one clear day in case of notice for statutory meeting?kindly explain with the help of an example.
10 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 01 May 2010
Provision of Length of notice i.e. 21 clear days is governed by section 171.
If you SGM is on January 31, 2010 than last date for dispatch of SGM notice would be January 07, 2010. It means notice is required to be posted around 25 days in advance.
21 days (section 171) + 1 day for dispatch (court precedent) excluded + 1 days of SGM excluded (court precedent) + 2 days/48 hours in transit excluded (Section 53) === A total of 25 days.
This is my personal understanding. This calculation remains same for any kind of GM.
Regards
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 01 May 2010
Dear Ankur Ji,
This is not only your personal understanding but it is absolutely right that 21 Clear days means 25 days.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 01 May 2010
21 days( excluding the date of dispatch of notice and the date of meeting) + 48 hours i.e. 2 days for postal delay.
= 25 days before the date of General Meeting.
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 01 May 2010
totally agree with ...aknur sir......
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 01 May 2010
i want to say thanks to ankur sir for expain it./././
totally agree with ankur sir
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 03 May 2010
Thanks very much for approving the reply.
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