Members' requisition rights require companies to circulate proposed resolutions and statements, subject to procedural deposits and abuse exceptions. Members meeting prescribed voting or membership thresholds may require a company to give notice of a resolution at the next annual general meeting and to circulate a statement up to one thousand words on proposed resolutions or business. Requisitions must be signed, deposited at the registered office within specified advance periods, and accompanied by funds to cover costs; service follows meeting notice procedures. The Central Government may bar circulation to prevent abusive or defamatory publicity and order costs; banking companies may refuse where circulation would harm company interests. Notice so given is part of AGM business and officers in default face a statutory fine.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Members' requisition rights require companies to circulate proposed resolutions and statements, subject to procedural deposits and abuse exceptions.
Members meeting prescribed voting or membership thresholds may require a company to give notice of a resolution at the next annual general meeting and to circulate a statement up to one thousand words on proposed resolutions or business. Requisitions must be signed, deposited at the registered office within specified advance periods, and accompanied by funds to cover costs; service follows meeting notice procedures. The Central Government may bar circulation to prevent abusive or defamatory publicity and order costs; banking companies may refuse where circulation would harm company interests. Notice so given is part of AGM business and officers in default face a statutory fine.
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