what is special notice
NIKHIL KUMAR (articleship) (36 Points)
29 September 2010what is special notice
Yogesh Shah
(Managing Corporate Finance)
(1051 Points)
Replied 30 September 2010
Hi Nikhil,
There are six different terminologies in Co. Act. They are non-interchangeable -
1)Ordinary Business
2)Special Business
3)Ordinary Resolution
4)Special Resolution
5)Notice
6)Special Notice.
In special notice, shareholders take the initiative. In notice (not special notice) BoD send it but in special notice, shareholders send it to BoD (like in Sec. 257 or Sec. 284 etc.)
NUTAN KUMAR REDDY BANNURU
(BBM,ACMA)
(50 Points)
Replied 28 October 2010
If any member doesn't want to reappoint an old auditor, he must send a special notice to the company before 14 clear days prior to the date of AGM. the company sends the copy of SPL NTC to all the members. i think this is sec 224(7)
Vinay Raja
(student-IPCC)
(704 Points)
Replied 30 November 2010
thanks this doubt was hitting my brain
i thought special notice is sent by BOD for special business
Sunshine
(Helping All)
(10575 Points)
Replied 01 December 2010
special notice (14 days notice) is required to be furnished by the shareholder to the company on its intention to move a resoulution on any of the following matters-
1. not to reappoint a retiring auditor
2. to appoint an auditor other than the one retiring.
3. to remove a director before the expiry of the term
4. to appoint another director other than the one removed before expiry of term
regards,
Sneha
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 01 December 2010
Practically speaking nothing special is required to be done in the case of special notice...Only section 225 and 284 talks about the same.
Go through the above sections.
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