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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clause 100: Members with 10% Voting Rights Can Demand Extraordinary General Meeting if Board Fails to Act in 21 Days.</h1> Clause 100 of the Companies Bill, 2011, outlines the procedure for calling an extraordinary general meeting. The Board can call such a meeting at its discretion. However, if members holding at least one-tenth of the voting rights request it, the Board must call the meeting within a specified timeframe. If the Board fails to act within 21 days, the requisitionists can convene the meeting themselves within three months. The meeting must follow the same procedures as those called by the Board. Any reasonable expenses incurred by the requisitionists are reimbursed by the company, with deductions from the directors' fees if they were at fault.
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