When to call an EGM under section 100 of Companies Act

When to call an EGM under section 100 of Companies Act

That such event which requires urgent attention of all the shareholders can be:

A legal matter: There can be a case filed against the company in a court or tribunal, and such matter shall be informed to every shareholder and a discussion on a legal matter is urgent dealing as it can harm the reputation of the company.
Removal of Executive: That there is a proposal put up for the removal of any specific executive and such event may lead to the voting procedure which shall require the presence of every shareholder, in case of the absence of any of the shareholders such shareholder can join in electronic mode if not possible to give physical presence.
Other matter that needs urgent attention: Many such events cannot be put on hold to be dealt in next shareholder meeting. Such an event shall be entertained urgently as it may lead to a crisis or harm the company’s work culture.
To know more, visit: https://www.registerkaro.in/post/section-100-of-companies-act-2013

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