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Company Board Cannot Reject Valid EGM Requisition Under Section 100: NCLT Kochi
Case Law Details
- Case Name
- Hiras K. Μ. Vs Pearl City Marine Products Private Limited (NCLT Kochi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Hiras K. Μ. Vs Pearl City Marine Products Private Limited (NCLT Kochi)
The petition was filed under Section 98 of the Companies Act, 2013 by a shareholder and Managing Director seeking directions for convening an Extraordinary General Meeting (EGM). The petitioner contended that a valid requisition issued under Section 100 for convening an EGM was refused by the Board, rendering it impracticable to convene the meeting through the ordinary statutory process. Reliefs sought included declarations regarding the validity of the requisition, appointment of an independent Chairman a...
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