Members’ Resolutions under present Act are of three kinds, a) Ordinary, b) Special, and c) Resolutions requiring special notice.
Special notice means that intention to move a resolution at a General Meeting has to be given specifically by the shareholders. It is governed by Section 115 of the Companies Act, 2013 and Rule 23 of the Companies (Management and Administration) Rules, 2014.
Matters requiring Special Notice:
Members eligible to send Notice
Notice shall be given by members holding minimum 1% of the total voting power or shares on which an aggregate sum of not less than Rs. 5, 00,000 has been paid up as on the date of the notice.
Length of Notice
The notice shall be sent not earlier than 3 months but at least 14 days before the date of general meeting. The company shall give its members notice of the resolution at least 7 days before the meeting as prescribed in Rule 23 of the Companies (Management and Administration) Rules, 2014.
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