TMI Blog2022 (2) TMI 256X X X X Extracts X X X X X X X X Extracts X X X X ..... ld 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the Applicant herein as the owner of 65,19,50 equity shares of Respondent Company. The Tribunal also directed that the Respondent Company shall hold the next Annual General Meeting (AGM) within a period of 4 months and appoint an Independent Auditor who shall conduct a comprehensive financial audit of the Respondent Company within a period of 3 months from the date of the appointment of the aud ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or AGM such as preparation and finalization of the accounts, financial statements, appointment of auditors, etc., 3. Respondent Nos. 5 to 7 in the above mentioned Company Petition (i.e., CP No. 84/241/HDB/2017 (TCP No. 119/241/AMR/2019)) are the only directors on the Board of Respondent Company as on that date and their appointment was held to be invalid by virtue of the above said order. 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
