Page 329 - DMGT407Corporate and Business Laws

Corporate and Business Laws

Notes 4. A company served a notice of a general meeting upon its members. The notice stated that
a resolution to increase the share capital of the company would be considered at such a
meeting. A shareholder complains that the amount of the proposed increase was not
specified in the notice. Is the notice valid? Justify.
5. A company is entitled to commence business from May, 1994. Which is the earliest date on
which the company may hold its statutory meeting?
6. You are the director of the company. Analyse the ways in which you will ascertain the
wishes of the members present in meeting.
7. Give the contents of a statutory report.
8. Summarise the provisions as regards Annual General Meeting.
9. What are the provisions of the Companies Act, 1956 in respect of an Extraordinary General
Meeting to be held on requisition?
10. Write a short note on the powers of Company Law Board to call meetings.

Answers: Self Assessment

1. public 2. six
3. statutory 4. same

5. fifteen 6. business
7. twenty-one 8. special or urgent
9. special 10. notice

11. quorum 12. acclamation
13. ‘motion’ 14. point of order
15. ordinary

13.9 Further Reading

Book S.S. Gulshan, Business Law, Excel Books, New Delhi, 2006.

Online links http://www.hg.org/articles/article_1162.html
www.vakilno1.com/bareacts/companiesact/companiesacts

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