Power of Tribunal to call Annual General Meeting (AGM)

Section 96 of the Companies Act, 2013 requires every Company other One Person Company (OPC) to conduct once a year a meeting, in addition to any other meeting, for its members, called as Annual General Meeting. Section 97 of the Companies Act, 2013 states the Power of Tribunal to call Annual General Meeting (AGM) in case of default in convening annual general meeting In case the company makes default in holding the Annual General Meeting, any […]

Initiative Taken by NCLT — National Company Law Tribunal during the COVID-19 pandemic

The outbreak of COVID-19 has adversely affected the global economy and lives of people. The growth rate of the Indian economy has fall down. Various regulators and Government have taken several measures and initiatives to cope up with the consequences of COVID-19 outbreak. Similarly, following are the initiatives taken by the National Company Law Tribunal (NCLT) to fight against COVID-19: 1) Postponement of dates of hearing of the Pending matters. In view of controlling the […]