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2021 (1) TMI 616 - Tri - Companies LawSeeking directions for holding and convening of AGM - Seeking appointment of Chairman to conduct the Annual General Meeting - HELD THAT:- It appears from the records that the Petitioner Company is a shareholder of the Respondent No.1 Company [M/s. Sayegh Paint Factories India Private Limited]. It is also seen that the Petitioner Company through its Directors made a specific demand in writing to conduct the Annual General Meeting of the Respondent Company, but no steps have been taken by the Respondent-Company or its Directors to convene the Annual General Meeting for the financial years 2018-2019 to transact the businesses sought for. This Tribunal has power to direct the calling of an Annual General Meeting of the Company as the Annual General Meeting of the Company for the year 2018-2019 and 2019-2020 have not been held. This Tribunal appoints Shri. K. R Jinan as the Chairman to conduct the meeting of Respondent Company - Chairman is to conduct the Annual General Meeting of the Respondent Company as prescribed under the Companies Act,2013 for the Financial Years 2018-2019 and 2019-2020 for which notice is to be given as per rules making it clear that one member of the Company Present in person or proxy shall be deemed to constitute a meeting - Petition disposed off.
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