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of <h1>Companies Act, 2013: Section 111 mandates notifying members of resolutions; penalties for non-compliance can reach 25,000.</h1> Section 111 of the Companies Act, 2013 outlines the requirements for circulating members' resolutions. A company must notify members of a resolution intended to be moved at a meeting if a written requisition is submitted by a specified number of members. The requisition must be deposited at the company's registered office within specified timeframes and include funds to cover related expenses. The company is not obliged to circulate a statement if the Central Government deems the request abusive. Non-compliance with these provisions results in a penalty of twenty-five thousand rupees for the company and responsible officers.
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