https://www.taxtmi.com/circulars?id=10772 Section 173(2) mandates an explanatory statement attaching material facts for each item of special business to meeting notices. Managements have omitted key particulars-such as remuneration quantum, proposed appointees' qualifications and experience, and necessity of appointment-or merely made those documents available for inspection, rather than fully disclosing them in the explanatory statement. The Company Law Board views such incomplete disclosure as non compliant with the statute and contrary to sound company practice. en-us Thu, 21 Oct 1965 00:00:00 +0530 Thu, 16 Jun 2011 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10772 Section 173(2) mandates an explanatory statement attaching material facts for each item of special business to meeting notices. Managements have omitted key particulars-such as remuneration quantum, proposed appointees' qualifications and experience, and necessity of appointment-or merely made those documents available for inspection, rather than fully disclosing them in the explanatory statement. The Company Law Board views such incomplete disclosure as non compliant with the statute and contrary to sound company practice. Circulars Companies Law Thu, 21 Oct 1965 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10772