Section 97 of Companies Act, 2013 – Power of Tribunal to Call Annual General Meeting

  • Updated Till : October 16, 2017

SECTION 97. POWER OF TRIBUNAL TO CALL ANNUAL GENERAL MEETING

[Effective from 1st June, 2016]

(1) If any default is made in holding the annual general meeting of a company under section 96, the Tribunal may, notwithstanding anything contained in this Act or the articles of the company, on the application of any member of the company, call, or direct the calling of, an annual general meeting of the company and give such ancillary or consequential directions as the Tribunal thinks expedient:

Provided that such directions may include a direction that one member of the company present in person or by proxy shall be deemed to constitute a meeting.

(2) A general meeting held in pursuance of sub-section (1) shall, subject to any directions of the Tribunal, be deemed to be an annual general meeting of the company under this Act.

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