New Pharma Ltd. issued a notice for holding its annual general meeting on 7th September 2020. The
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Question:
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?
Related Book For
Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
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