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of <h1>Procedure for Extraordinary General Meeting: Board's Role, Member Requests & Reimbursement Under Section 100 of Companies Act 2013.</h1> Section 100 of the Companies Act, 2013, outlines the procedure for calling an extraordinary general meeting (EGM). The Board of a company can call an EGM at its discretion. However, if members holding at least one-tenth of the voting rights request it, the Board must call an EGM within 21 days, to be held within 45 days of the request. If the Board fails, the requisitionists can convene the meeting within three months. Any reasonable expenses incurred by the requisitionists for calling the meeting must be reimbursed by the company, deducting from the defaulting directors' remuneration. Meetings must be held in India, except for wholly owned subsidiaries of foreign companies.
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