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Sec.100 of companies act 2013

Dhebek (Student CA IPC / IPCC) (123 Points)

20 March 2015

Respected Sir / Madam,

Section 100 deals with extraordinary general meeting. My Query is how many days within which Board of directors convene EGM on requisition by members? whether within 21 days or within 45 days?

Kindly Clarify it!

Thank you

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5 Replies

Arpit Shah (Accountant) (21438 Points)
Replied 20 March 2015

SEC.100

1) Board shall proceed to call EGM at the requisition made by members holding on the date of receipt of requisition
2) At least 1/10 of share capital carrying voting right (in case of company having share capital or capital) as on the date of receipt of requisition 1/10 of total voting power (in case of company not having share CAPITAL) as on date of requisition
3) The meeting can be called by the requisitions in case of no meeting is held within 45 days from the date of receipt of requisition
4) Such meeting held by the requisitions within 3 months from the date of such requisition
5) All the reasonable expenses shall be reimbursed to the requisitions by the company and sums so paid shall be deducted from any fee or other remuneration under sec 197 payable to such directors who were in default

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Rajesh Kumar (Consultancy) (93 Points)
Replied 20 March 2015

Hi Dhebek,

45 Days, within which Board of directors convene EGM on requisition by members.

Regards

Rajesh Kumar

Dhebek (Student CA IPC / IPCC) (123 Points)
Replied 20 March 2015

Thank you arpit shah sir and rajesh kumar sir

r mukesh (senior editor) (31 Points)
Replied 21 March 2015

In 21 days bod shall take steps to call meeting and in 45 dys meeting shd be held

Yogesh Kulkarni (Finance Manager) (26 Points)
Replied 22 October 2018

If Board refuses to conduct EGM after receiving valid requisition by members then whether requsitionist can call EGM immediatly after refusal by the Board? or wait for 45 days