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of <h1>Section 169: Members Can Call Extraordinary General Meeting if Board Fails to Act on Requisition in 21 Days.</h1> Section 169 of the Companies Act, 1956, outlines the process for calling an extraordinary general meeting upon members' requisition. The Board must convene a meeting if requested by members holding at least one-tenth of voting rights or share capital. The requisition must specify matters for discussion and be deposited at the company's registered office. If the Board fails to call the meeting within 21 days, requisitionists can call it themselves within three months. Expenses incurred due to the Board's failure to call the meeting must be reimbursed by the company, deducted from directors' fees if necessary.
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