What is Power of Tribunal to call meetings of members, etc? What is Punishment for default in complying with provisions of sections 96 to 98? What is the procedure for Calling of extraordinary general meeting? Section 98, 99 and 100 of Indian Companies Act 2013

Power of Tribunal to call meetings of members, etc, Punishment for default in complying with provisions of sections 96 to 98 and Calling of extraordinary general meeting are defined under Section 98, 99 and 100 of Indian Companies Act 2013. Provisions under these sections are:

Section 98 of Indian Companies Act 2013 "Power of Tribunal to call meetings of members, etc"

(1) If for any reason it is impracticable to call a meeting of a company, other than an annual general meeting, in any manner in which meetings of the company may be called, or to hold or conduct the meeting of the company in the manner prescribed by this Act or the articles of the company, the Tribunal may, either suo motu or on the application of any director or member of the company who would be entitled to vote at the meeting

 

(a) order a meeting of the company to be called, held and conducted in such manner as the Tribunal thinks fit; and

(b) give such ancillary or consequential directions as the Tribunal thinks expedient, including directions modifying or supplementing in relation to the calling, holding and conducting of the meeting, the operation of the provisions of this Act or articles of the company:

Provided that such directions may include a direction that one member of the company present in person or by proxy shall be deemed to constitute a meeting.

(2) Any meeting called, held and conducted in accordance with any order made under sub-section (1) shall, for all purposes, be deemed to be a meeting of the company duly called, held and conducted.

Section 99 of Indian Companies Act 2013 "Punishment for default in complying with provisions of sections 96 to 98"

If any default is made in holding a meeting of the company in accordance with section 96 or section 97 or section 98 or in complying with any directions of the Tribunal, the company and every officer of the company who is in default shall be punishable with fine which may extend to one lakh rupees and in the case of a continuing default, with a further fine which may extend to five thousand rupees for every day during which such default continues.

Section 100 of Indian Companies Act 2013 "Calling of extraordinary general meeting"

(1) The Board may, whenever it deems fit, call an extraordinary general meeting of the company.

(2) The Board shall, at the requisition made by, -

(a) in the case of a company having a share capital, such number of members who hold, on the date of the receipt of the requisition, not less than one-tenth of such of the paid-up share capital of the company as on that date carries the right of voting;

(b) in the case of a company not having a share capital, such number of members who have, on the date of receipt of the requisition, not less than one-tenth of the total voting power of all the members having on the said date a right to vote, call an extraordinary general meeting of the company within the period specified in subsection (4).

(3) The requisition made under sub-section (2) shall set out the matters for the consideration of which the meeting is to be called and shall be signed by the requisitionists and sent to the registered office of the company.

(4) If the Board does not, within twenty-one days from the date of receipt of a valid requisition in regard to any matter, proceed to call a meeting for the consideration of that matter on a day not later than forty-five days from the date of receipt of such requisition, the meeting may be called and held by the requisitonists themselves within a period of three months from the date of the requisition.

(5) A meeting under sub-section (4) by the requisitionists shall be called and held in the same manner in which the meeting is called and held by the Board.

(6) Any reasonable expenses incurred by the requisitionists in calling a meeting under sub-section (4) shall be reimbursed to the requisitionists by the company and the sums so paid shall be deducted from any fee or other remuneration under section 197 payable to such of the directors who were in default in calling the meeting.

Register of charges to be kept by Registrar, Responsibility of Company to report satisfaction of charge. Section 81 and 82 of Indian Companies Act 2013

What is Power of Registrar to make entries of satisfaction and release in absence of intimation from company? What is Intimation of appointment of receiver or manager? Section 83 and 84 of Indian Companies Act 2013

What is Company's register of charges? What is Punishment for contravention? Section 85 and 86 of Indian Companies Act 2013

What is Rectification by Central Government in register of charges? What is Register of members etc? Section 87 and 88 of Indian Companies Act 2013

What is Declaration in respect of beneficial interest in any share? What is Investigation of beneficial ownership of shares in certain cases? Section 89 and 90 of Indian Companies Act 2013

What is Power to close register of members or debenture holders or other security holders? What is Annual return? Section 91 and 92 of Indian Companies Act 2013

What is the Return to be filed with Registrar in case promoters’ stake changes? What is the Place of keeping and inspection of registers, returns, etc? Section 93 and 94 of Indian Companies Act 2013

What is Registers, etc., to be evidence? What is Annual general meeting? What is Power of Tribunal to call annual general meeting? Section 95, 96 and 97 of Indian Companies Act 2013

What is Power of Tribunal to call meetings of members, etc? What is Punishment for default in complying with provisions of sections 96 to 98? What is the procedure for Calling of extraordinary general meeting? Section 98, 99 and 100 of Indian Companies Act 2013

 

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