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    <title>2015 (6) TMI 1146 - COMPANY LAW BOARD, NEW DELHI</title>
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    <description>The Company Law Board authorized the Petitioner, holding 99.9996% share capital, to call and conduct an Extraordinary General Meeting due to the lack of directors on the Board. With only one shareholder available, the CLB granted approval for the Petitioner to act as the sole member constituting the meeting, allowing the EGM to proceed with appointing new directors for the company&#039;s functioning. The CLB directed the EGM to take place on a specified date and time for the necessary proceedings, disposing of the Company Petition.</description>
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    <pubDate>Tue, 09 Jun 2015 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=195876</link>
      <description>The Company Law Board authorized the Petitioner, holding 99.9996% share capital, to call and conduct an Extraordinary General Meeting due to the lack of directors on the Board. With only one shareholder available, the CLB granted approval for the Petitioner to act as the sole member constituting the meeting, allowing the EGM to proceed with appointing new directors for the company&#039;s functioning. The CLB directed the EGM to take place on a specified date and time for the necessary proceedings, disposing of the Company Petition.</description>
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