(Who is Authorized to Call Extra Ordinary General Meeting)
An unusual general meeting can be called by any of the following
I. Voluntarily by the Board of Directors (By the Board at its Own Will) Generally there is a provision in the Articles of the company that the Board of Directors of the company can call an unusual general meeting of the company whenever it thinks fit. The court has also provided that the Board of Directors can call an unusual general meeting of the company whenever it deems fit and necessary in the interest of the company.
Similarly, it is provided in the Articles of the Company that if the Board of Directors at any time
Any director of the company if there is no director in India equal to the minimum working number of
Or any two members of the company may jointly call an unusual general meeting of the company.
This meeting should also be convened in the same manner as convened by the Board of Directors of the company.
It is to be mentioned that the Board of Directors can pass a resolution to call an unusual general meeting in its meeting or by transmission while sitting at home.
When the directors of the company voluntarily call an unusual general meeting of the company, they themselves determine its agenda. An explanatory description of the important facts will be given in relation to each of the special tasks included in such a business. II. By Board on the Requisition of Members
Every member of the company has the right to call for an unusual general meeting of the company. No member can be prevented even by an injunction from calling for an unusual general meeting of the company. No member is also bound to disclose the reasons for the purpose of calling for such meeting, but he can certainly consider his demand from the court. The Supreme Court has held that it is not obligatory by the members demanding the assembly to explain why they wish to remove a director. They are not bound to explain the reasons for the removal of the Director even in the notice of this House.
If any members have not paid the call money on their shares, then they cannot demand the convening of such meeting and also cannot vote in it.