In the general meeting of CBD Ltd. six individual members were present and the meeting was adjourned by the Chairman of the meeting at his own will, to the same day of the next week as an important member was not present
CS Executive · Company Law · PYQS · December 2022
In the general meeting of CBD Ltd. six individual members were present and the meeting was adjourned by the Chairman of the meeting at his own will, to the same day of the next week as an important member was not present for the meeting. In this context, referring to the provisions of the Companies Act, 2013 answer the following questions: (ii) For the adjourned general meeting is any fresh notice of meeting is to be sent?
Answer & Explanation:
As per para 15.3 of SS-2, If a Meeting is adjourned for a period of less than thirty days, the company shall give not less than three days' Notice specifying the day, date, time and venue of the Meeting, to the Members either individually or by publishing an advertisement in a vernacular newspaper in the principal vernacular language of the district in which the registered office of the company is situated, and in an English newspaper in English language, both having a wide circulation in that district. However, if a Meeting is adjourned for a period not exceeding three days and where an announcement of adjournment has been made at the Meeting itself, giving in the details of day, date, time, venue and business to be transacted at the adjourned Meeting, the company may also opt to give Notice of such adjourned Meeting either individually or by publishing an advertisement, as stated above. Yes, notice need to be sent individually or by publishing in news daily in compliance to Para 15.3 of SS-2.
Topics: Meetings of Members
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