Smriti Technologies Ltd. was incorporated before 9 years. It is being observed that the net worth is eroded by its accumulated losses as at 31-03-2017. However, in relation to general meeting of the company, examine the

CS Professional · Advanced Company Law and Practice · PYQS · December 2017
Smriti Technologies Ltd. was incorporated before 9 years. It is being observed that the net worth is eroded by its accumulated losses as at 31-03-2017. However, in relation to general meeting of the company, examine the powers of the Chairperson to adjourn the meeting suo moto. Referring to the provisions of the Companies Act, 2013, answer the following: (ii) Whether a new business not stated in the original agenda can be transacted at the adjourned meeting?

Answer & Explanation:

As the adjourned meeting is the continuance of the original meeting for want of unfinished agenda or quorum, no new business can be transacted. For new business proper notice should be given for another meeting.

Topics: Meetings and Resolutions

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