Key Provisions Relating to Minutes of Board and General Meetings (adsbygoogle = window.adsbygoogle || []).push({}); The term ‘minutes’ though not defined in the Companies Act, 2013 may be considered as a written record of proceedings of a meeting of any Company duly kept in pursuance of the law. The expression “minutes” means a brief summary … Read more
Key Provisions Relating to Notice of General Meetings (adsbygoogle = window.adsbygoogle || []).push({}); The object of the notice is to make aware the shareholders with the ‘Agenda’ of the meeting so that they may decide the matter intelligently. Notice of every meeting of the members of a company is required to be given in writing … Read more
List of Businesses to be Transacted Through Postal Ballot Rule 22(16) of the Companies (Management and Administration) Rules, 2014 specifies the list of items which have to be mandatorily transacted only by postal ballot. These are: (adsbygoogle = window.adsbygoogle || []).push({}); (a) alteration of the objects clause of the memorandum and in the case … Read more
Provisions Relating To Voting Rights at General Meetings The following points must be checked in relation to Voting Rights at General Meetings (adsbygoogle = window.adsbygoogle || []).push({}); (1) Even if a director is interested in the subject-matter, he may exercise in relation thereto his voting rights as a member at a general meeting. … Read more
Key Provisions Related To Proxy Under Companies Act 2013 (adsbygoogle = window.adsbygoogle || []).push({}); A proxy is an authorized agent of the member for the purpose of voting who, as between himself and the principal, was not entitled to act contrary to his instructions in the matter. The term proxy is also applied to the … Read more
Key Provisions Relating to Adjournment of General Meeting Under Companies Act 2013 (adsbygoogle = window.adsbygoogle || []).push({}); 1. Section 103(2) of the Act, provides that if within half an hour from the time appointed for holding a meeting, the quorum is not present, the meeting shall stand adjourned to the same day in the … Read more
Quorum For General Meeting Under Companies Act 2013 Section 103 of the Companies Act, 2013 provides that:— (adsbygoogle = window.adsbygoogle || []).push({}); (a) in case of a public company,— (i) 5 members personally present if the number of members as on the date of meeting is not more than 1,000; (ii) 15 members personally present … Read more
Composition of Board as per Listing Agreement The composition of the board of directors of the listed company shall be as follows: (adsbygoogle = window.adsbygoogle || []).push({}); (a) Board of directors shall have an optimum combination of executive and non-executive directors with at least one woman director and not less than 50% of … Read more
