Circulation of members' resolution: companies must circulate requisitioned notices/statements if procedural deposit and expense provisions are met. When members submit a written requisition in the required number, the company must give notice of properly movable resolutions and circulate related statements, provided a signed requisition copy is deposited at the registered office-six weeks before for notice-of-resolution requisitions and two weeks for other requisitions-and a sum sufficient to cover the company's expenses is deposited. A requisition filed before an annual general meeting within six weeks of deposit is valid. The Central Government may order suppression of circulation if rights are abused for needless defamatory publicity and may require requisitionists to pay costs. Noncompliance by the company or its officers attracts a twenty-five thousand rupee penalty.
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.
Circulation of members' resolution: companies must circulate requisitioned notices/statements if procedural deposit and expense provisions are met.
When members submit a written requisition in the required number, the company must give notice of properly movable resolutions and circulate related statements, provided a signed requisition copy is deposited at the registered office-six weeks before for notice-of-resolution requisitions and two weeks for other requisitions-and a sum sufficient to cover the company's expenses is deposited. A requisition filed before an annual general meeting within six weeks of deposit is valid. The Central Government may order suppression of circulation if rights are abused for needless defamatory publicity and may require requisitionists to pay costs. Noncompliance by the company or its officers attracts a twenty-five thousand rupee penalty.
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