Legal Question in Business Law in India
A company served a notice of a general meeting upon its members. the notice stated that a resolution to increase the share capital of the company would be considered at such meeting. A shareholder complains that the amount of proposed increase was not specified in the notice. Is the notice valid
Asked on 12/09/09, 3:27 pm
1 Answer from Attorneys
yes coz amount and share capital and other things will be decided by mutual/ majority of members present on spot and may be increase or decrease.
Regards
Answered on 12/11/09, 11:53 pm
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