Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

New Pharma Ltd. issued a notice for holding its annual general meeting on 7th September 2020. The notice was posted to the members on 16th

New Pharma Ltd. issued a notice for holding its annual general meeting on 7th September 2020. The notice was posted to the members on 16th August 2020. Some members of the company alleged that the company has not complied with the provision of the Companies Act, 2013, with regard to the period of notice and as such the meeting was invalid. Referring to the provision of the Companies Act, 2013, decide:
(i) Whether meeting has been validly called?
(ii) If there is a shortfall in the notice, state and explain by how many days does the notice fall short of statutory requirements?
(iii) Whether the length of serving of notices be curtailed by Article of Association?

Step by Step Solution

3.29 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below According to section 1011 of the Compan... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

18th edition

1292162406, 978-1292162409

More Books

Students also viewed these Corporate Finance questions

Question

Why is intrinsic motivation healthier than extrinsic motivation?

Answered: 1 week ago