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2022 (2) TMI 256 - Tri - Companies LawSeeking this Tribunal to direct for an Extraordinary General Meeting (EGM) of the Respondent Company - HELD THAT:- Under Section 98 of the Companies Act, 2013, the Tribunal can either suo-motu or on the application of any director or member of the Respondent Company who would be entitled to vote at the meeting, can order to call for the meeting. The counsel relies on the proviso to contend that the Applicant can be held as sufficient to form a quorum. Hence considering that the Applicant is the majority shareholder, the Application is allowed - The Applicant shall hold an Extra-Ordinary General Meeting (EGM) of the Respondent Company by issuing notices to all the shareholders of the Respondent Company and implement the orders of this Tribunal. For the purpose of quorum, the Applicant who has 60.08% of shareholding can be counted upon.
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