Companies desiring to hold meeting but are unable to do so on account of apprehending violence - Companies Law - No. 34/5/70‑CL‑III,

Letter : No. 34/5/70 ‑ CL ‑ III, dated 15 ‑ 1 ‑ 1971. Subject:- Companies desiring to hold meeting but are unable to do so on account of apprehending violence The Company Law Board is of the view that considering the fact that only a few companies having registered offices in Calcutta are having some difficulties in holding the annual general meeting whereas many others with registered offices at Calcutta have not experienced any such difficulty, it is not possible to treat them as a class of companies within the meaning of proviso to sub‑section (2) of section 166 and grant them exemption under the aforesaid provisions. It will be appre-ciated that the companies who desire to hold meeting in terms of section 166(2) but are unable to do so on account of apprehending violence to the management do not constitute a class of companies based on any objective criteria distinguishing them from other companies similarly situated. Nor can the entire city of Calcutta be treated as a disturbed area as is not even suggested that all companies with registered offices at Calcutta should be exempted.