Skip to content

CS Executive · Company Law and Practice · General Meetings

The Board of Kaveri Foods Ltd ignores a valid requisition dated 10 April. The requisitionists decide to call the EGM themselves. Which statement is correct?

The requisitionists may call and hold the EGM themselves within three months from the date of the requisition, and they must follow the same manner of calling and holding as the Board would. No Tribunal permission is needed.

  1. AThey may call and hold it within three months from the date of the requisition, in the same manner as the Board wouldCorrect
  2. BThey must hold it within 45 days of the requisition, in any manner they choose
  3. CThey must first obtain Tribunal permission before calling it
  4. DThey may hold it only after waiting one year from the requisition

Explanation

If the Board fails to act within 21 days or to fix a day within 45 days, the requisitionists may call and hold the meeting within three months from the requisition. It must be called and held in the same manner as a Board-called meeting. No Tribunal permission is required.

Did you get it right without looking?

One question tells you little. A timed set on General Meetings shows your real accuracy, how long you take and where you lose marks.

Practise General MeetingsFree diagnostic mock

More General Meetings questions