{"id":21350,"date":"2023-04-13T16:41:20","date_gmt":"2023-04-13T11:11:20","guid":{"rendered":"https:\/\/gstguntur.com\/?p=21350"},"modified":"2023-04-13T16:43:36","modified_gmt":"2023-04-13T11:13:36","slug":"secretarial-practice-in-drafting-notice-agenda-and-minutes-of-companys-meetings","status":"publish","type":"post","link":"https:\/\/gstguntur.com\/secretarial-practice-in-drafting-notice-agenda-and-minutes-of-companys-meetings\/","title":{"rendered":"Secretarial Practice in Drafting Notice, Agenda and Minutes of Company\u2019s Meetings – CS Professional Study Material"},"content":{"rendered":"

Chapter 3 Secretarial Practice in Drafting Notice, Agenda and Minutes of Company\u2019s Meetings – CS Professional Drafting, Pleadings and Appearances Notes<\/a>\u00a0is designed strictly as per the latest syllabus and exam pattern.<\/p>\n

Secretarial Practice in Drafting Notice, Agenda and Minutes of Company\u2019s Meetings – Drafting, Pleadings and Appearances Study Material<\/h2>\n

Question 1.
\nWrite notes on the following:
\nSecretarial standard on passing of resolution by circulation (Dec 2016, 4 marks) [CSPP -1]
\nAnswer:
\n1. Authority
\nThe Chairman of the Board or in his absence, the Managing Director or in his absence, the Wholetime Director and where there is none, any Director other than an Interested Director, shall decide, before the draft Resolution is circulated to all the Directors, whether the approval of the Board for a particular business shall be obtained by means of a Resolution by circulation.<\/p>\n

2. Where not less than one-third of the total number of Directors for the time being require the Resolution under circulation to be decided at a Meeting, the Chairman shall put the Resolution for consideration at a Meeting of the Board.<\/p>\n

3. Procedure
\nA Resolution proposed to be passed by circulation shall be sent in draft, together with the necessary papers, individually to all the Directors including Interested Directors on the same day.<\/p>\n

The draft of the Resolution to be passed and the necessary papers shall be circulated amongst the Directors by hand, or by speed post or by registered post or by courier, or by e-mail or by any other recognised electronic means.<\/p>\n

Each business proposed to be passed by way of Resolution by circulation shall be explained by a note setting out the details of the proposal, relevant material facts that enable the Directors to understand the meaning, scope and implications of the proposal, the nature Of concern or interest, if any, of any Director in the proposal, which the Director had earlier disclosed and the draft of the Resolution proposed. The note shall also indicate how a Director shall signify assent or dissent to the Resolution proposed and the date by which the Director shall respond.<\/p>\n

4. Approval
\nThe Resolution is passed when it is approved by a majority of the Directors entitled to vote on the Resolution, unless not less than one-third of the total number of Directors for the time being require the Resolution under circulation to be decided at a Meeting.<\/p>\n

The Resolution, if passed, shall be deemed to have been passed on the last date specified for signifying assent or dissent by the Directors or the date on which assent from more than two-third of the Directors has been received, whichever is earlier, and shall be effective from that date, ii no other effective date is specified in such Resolution.<\/p>\n

5. Recording
\nResolutions passed by circulation shall be noted at the next Meeting of the Board and the text thereof with dissent or abstention, if any, shall be recorded in the Minutes of such Meeting.<\/p>\n

6. Validity
\nPassing of Resolution by circulation shall be considered valid as if it had been passed at a duly convened Meeting of the Board.<\/p>\n

\"Secretarial<\/p>\n

Question 2.
\nWrite note on the following :
\nDescribe the applicability of Secretarial Standard – 1 under the Companies Act, 2013, issued by The Institute of Company Secretaries of India on Meeting of Board of Directors. (June 2019, 4 marks)
\nAnswer:
\nIn terms of sub-Section (10) of Section 118 of the Companies Act, 2013, every company is required to observe Secretarial Standard-1 except:<\/p>\n

    \n
  1. One Person Companies (OPC) having only one Director on its Board and<\/li>\n
  2. Such other class or class of companies which are exempted by Central Government through Notification.<\/li>\n<\/ol>\n

    Exemptions shall be applicable to a Section 8 company provided it has not committed a default in filing its Financial Statements or Annual Return with the Registrar of Companies. However, such Section 8 companies need to comply with the applicable provisions of the Act relating to Board Meetings. In other words, the Secretarial Standard (SS-1) will be applicable to all companies like private, public, listed or a small company unless, expressly exempted as stated above.<\/p>\n

    \"Secretarial<\/p>\n

    Question 3.
    \nDistinguish between the following:
    \n(iii) \u2018Motion\u2019 and \u2018resolution\u2019.
    \n(v) \u2018Special resolution\u2019 and \u2018resolution requiring special notice\u2019. (June 2012, 4 marks each) (CSEM – II)
    \nAnswer:
    \n(iii)
    \nMotion :
    \nThe question which generally comes for consideration at the general meeting of a company are presented in the form of proposals called motions. Motion may be proposed by the chairman of the meeting or by any other member of the company. The business of a meeting is transacted through motions or definite proposals and no discussion can take place unless there is a definite proposal or subject for discussion before the meeting. A motion should be in writing and signed by the mover and put to the vote at the meeting by the chairman.<\/p>\n

    Resolution :
    \nA resolution is the formal expression of the decision of a meeting when a motion has been duly voted upon and passed by the requisite majority, with or without amendment it is called a resolution. A resolution once adopted and recorded in the minutes becomes the official decision of the meeting.<\/p>\n

    (v) Special Resolution (Sec. 114 of C.A. 2013)
    \n1. Situation when a resolution will be Special Resolution :<\/p>\n

      \n
    1. The intention to propose the resolution as a special resolution has been duly specified in the notice calling the general meeting and the notice has been given to the members in accordance with the provisions of this Act, and.<\/li>\n
    2. The votes cast in favour of the resolution by members entitled to vote are not less than three times the number of votes cast against the resolution by members so entitled to vote.<\/li>\n<\/ol>\n

      \"Secretarial<\/p>\n

      Resolutions requiring special notice (Sec. 115 of CA. 2013)
      \n1. Provisions :
      \nWhere, by any provision contained in this Actor in the articles of a company, special notice is required of any resolution, notice of the intention to move such resolution shall be given to the company by such number of members holding not less than 1 % of total voting power or holding . shares on which such aggregate sum not exceeding \u20b9 5,00,000\/- as may be prescribed has been paid-up and the company shall give its members notice of the resolution in the following manner as prescribed in Rules.<\/p>\n

      2. Matters in respect of which Special Notice is required :
      \n(a) A resolution for appointment of a person as auditor at the annual general meeting other than the retiring auditor for providing expressly that the retiring auditor shall not be re-appointed [Section 140(4)];
      \n(b) A resolution for removing a director before the expiry of the period of his office and appointing someone in the place of the director so removed [Section 169(2)].<\/p>\n

      3. Procedure for Special Notice :
      \n(A) Signing of special notice : A special notice required to be given to the company shall be signed, either individually or collectively by such number of members holding not less than one percent of total voting power or holding shares on which an aggregate sum of not more than five lakh rupees has been paid up on the date of the notice.<\/p>\n

      (B) Sending of notice to the company : Such notice shall be sent by members to the company not earlier than three months but at least 14 days before the date of the meeting at which the resolution is to be moved, exclusive of the day on which the notice is given and the day of the meeting.<\/p>\n

      (C) On receipt of notice by the company : The company shall immediately after receipt of the notice, give its members notice of the resolution at least seven days before the meeting, exclusive of the day of dispatch of notice and day of the meeting, in the same manner as it gives notice of any general meetings.<\/p>\n

      (D) Publication of Notice : Where it is not practicable to give the notice in the same manner as it gives notice of any general meetings, the notice shall be published in English language in English newspaper and in vernacular language in a vernacular newspaper, both having wide circulation in the State where the registered office of the Company is situated. Such notice shall also be posted on the website, if any, of the Company. Such notice shall be published at least seven days before the meeting, exclusive of the day of publication of the notice and day of the meeting.<\/p>\n

      \"Secretarial<\/p>\n

      Question 4.
      \nDistinguish between the following:
      \n\u2018Ordinary resolution\u2019 and special resolution\u2019. (June 2013, 4 marks) (CSEM – II)
      \nAnswer:
      \nKinds of resolutions :
      \nResolutions under present companies Act, 2013 are of three kinds:
      \n(i) Ordinary
      \n(ii) Special
      \n(iii) Resolution requiring special notice<\/p>\n

      (i) Ordinary resolution, Sec. 114 of Companies Act, 2013 :
      \nA resolution passed at a general meeting of a company by a simple majority of members entitled to vote and also voting in person or by proxy (where proxies are allowed) is called an ordinary resolution.<\/p>\n

      (ii) Special resolution :
      \nA special resolution is one passed at a general meeting of a company when:
      \n(a) The intention to propose the resolution as a special resolution has been duly specified in the notice calling the general meeting and the notice has been given to the members in accordance with the provisions of this Act, and
      \n(b) The votes cast in favour of the resolution by members entitled to vote and voting are not less than three times the number of votes cast against the resolution by members so entitled to vote.<\/p>\n

      \"Secretarial<\/p>\n

      Question 5.
      \nDistinguish between the following:
      \n\u2018e-voting\u2019 and \u2018Voting by show of hands\u2019. (June 2017, 4 marks)
      \nAnswer:
      \ne-voting\u2019 and \u2018voting by show of hands\u2019
      \nVotes before the general meeting can be cast either by \u2018e-voting\u2019 method or by showing hands.<\/p>\n\n\n\n\n\n\n\n\n
      e-voting<\/td>\nVoting by show of hands<\/td>\n<\/tr>\n
      Governed by the provision of section 108.<\/td>\nGoverned by the provisions of section 107.<\/td>\n<\/tr>\n
      Provisions applicable to every company which has listed its equity shares on a recognised stock exchange and every company having not less than one thousand members.<\/td>\nApplicable to all companies at their general meetings, wherein resolution is put to the vote unless a poll is demanded under section 109 or the voting is carried out electronically.<\/td>\n<\/tr>\n
      The facility for remote e-voting shall remain open for not less than three days and shall close at 5.00 p.m. on the date preceding the date of the general meeting.<\/td>\nThe facility of voting by show of hands is available at the time of the meeting.<\/td>\n<\/tr>\n
      During the period, when facility for e- voting is provided, the members of the company holding the shares in either physical form or in demat form, as on the cut-off date, may opt for remote e-voting,<\/td>\nIn general meeting, members who have not voted in e-voting mode can cast their votes by raising their hands.<\/td>\n<\/tr>\n
      Number of votes of a member is equal to the number of shares held.<\/td>\nOnly one vote is counted for each shown hand.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      \"Secretarial<\/p>\n

      Question 6.
      \nDistinguish between \u201cOrdinary Resolution and Special Resolution\u201d. (June 2019, 4 marks)
      \nAnswer:
      \nOrdinary Resolution :
      \nAn ordinary resolution is one which is passed in the company’s general meeting by a simple majority of votes i.e.- 51%.No notice is required to be given for moving an ordinary resolution. All matters relating to the company’s business, except those which need to be settled by a special resolution, are settled by an ordinary resolution.<\/p>\n

      Special Resolution :
      \nSpecial resolution means a resolution in which special majority is needed to pass the resolution at the general meeting i.e the votes cast in favor of the resolution, whether in person or by proxy, should not be less than three times the votes cast against the resolution by members so entitled.<\/p>\n

      A prior notice needs to be given for moving a special resolution in any meeting of the company and the notice should contain the intention to propose the resolution as special resolution should be mentioned specifically. A special resolution is meant to make decisions in important matters and protect the rights of company’s members.<\/p>\n

      The significant differences between ordinary resolution and special resolution are:
      \nOrdinary Resolution is one wherein simple majority is required to move the resolution at the general meeting. Special Resolution means a resolution in which supermajority is needed to pass the resolution at the general meeting.<\/p>\n

      In the ordinary resolution, consent of at least 51 % members, is required for the resolution to be passed. On the other hand, the special resolution requires the consent of at least 75% members, in favour of the resolution.<\/p>\n

      The copy of an ordinary resolution, signed by the officer of the company should be filed with the registrar only in certain cases. As against this, a printed or handwritten copy of a special resolution, containing the signature of the officer of the company must be filed with the Registrar of Companies (ROC) within 30 days.<\/p>\n

      Ordinary Resolution is passed to transact ordinary business. However, a special business can be transacted via special resolution or ordinary resolution, as per the requirements of the Companies Act, 2013.<\/p>\n

      \"Secretarial<\/p>\n

      Question 7.
      \nWhat do you understand by the expression \u2018resolution by circulation\u2019? List out four matters which cannot be passed by the directors by resolution by circulation. (June 2013, 4 marks) (CSEM – II)
      \nAnswer:<\/p>\n\n\n\n\n\n\n\n\n
      Passing of Resolution by Circulation<\/td>\n<\/tr>\n
      1.<\/td>\nMode of circulation of draft resolution to directors etc.<\/td>\nA company may pass the resolutions through circulation. The resolution in draft form together with the necessary papers may be circulated to the directors or members of committee at their address registered with the company in India or through electronic means which may include e-mail or fax.<\/td>\n<\/tr>\n
      2.<\/td>\nRequisite majority<\/td>\nThe said resolution must be passed by majority of directors or members entitled to vote.<\/td>\n<\/tr>\n
      3.<\/td>\nWhen a resolution must be passed at meeting?<\/td>\nIf more than one third of directors require that the resolution must be decided at the meeting, the chairperson shall put the resolution to be decided at the meeting.<\/td>\n<\/tr>\n
      4.<\/td>\nNoting of re\u00adsolution passed through circulation<\/td>\nThe resolution passed through circulation be noted at a subsequent meeting and made part of the minutes of such meeting.<\/td>\n<\/tr>\n
      5.<\/td>\nMatters that can be passed by circulation by Board<\/td>\nSome of the matters which cannot be passed by the Board by circulation are:<\/p>\n
        \n
      1. to fill a casual vacancy occurred in the Board;<\/li>\n
      2. to make calls on shareholders in respect of money unpaid on shares;<\/li>\n
      3. issue of debentures;<\/li>\n
      4. to make any political contribution;<\/li>\n
      5. to make declaration of solvency;<\/li>\n
      6. to invest the funds of the company.<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        \"Secretarial<\/p>\n

        Question 8.
        \nA company proposes to hold its Board meeting at a shorter notice through video conferencing. As a Company Secretary, explain the requirements and procedures to all the directors. (Dec 2014, 4 marks) [CSPP -1]
        \nAnswer:
        \nNotice of Board Meetings: A meeting of the Board shall be called by giving not less than seven days\u2019 notice in writing to every director at his address registered with the company and such notice shall be sent by hand delivery or by post or by electronic means. [Section 173].<\/p>\n

        A meeting of the Board may be called at shorter notice to transact urgent business subject to the condition that at least one independent director, if any, shall be present at the meeting. In case of absence of independent directors from such a meeting of the Board, decisions taken at such a meeting shall be circulated to all the directors and shall be final only on ratification thereof by at least one independent director, if any.<\/p>\n

        In the notice of Board Meeting, the following matters are required to be Specific Notice:<\/p>\n

          \n
        1. Appointment of Managing Director who is already a Managing Director or Manager of another company [Section 203(3)].<\/li>\n
        2. Appointment of Manager who is already a Manager or Managing Director of another company [Section 203(3)].<\/li>\n<\/ol>\n

          In case of a listed company, notice of the Board Meeting should also be given to the stock exchange(s), where the securities of the company are listed, in accordance with the various clauses of the listing agreement for the items like, unaudited quarterly results, financial statements, issue of securities by way of public\/ rights\/ bonus or offer for sale, declaration\/ recommendation of dividend etc.<\/p>\n

          \"Secretarial<\/p>\n

          Question 9.
          \nList out the additional items of business which cannot be passed through resolution by circulation and have to be placed before the Board at its meeting in case of a listed company. (Dec 2015, 4 marks) [CSPP -1]
          \nAnswer:
          \nPassing of Resolution by Circulation: Section 179(3) of Companies Act, 2013:<\/p>\n

            \n
          • A company may pass the resolutions through circulation. The resolution in draft form together with the necessary papers may be circulated to the directors or members of committee at their address registered with the company in India or through electronic means which may include e-mail or fax.<\/li>\n
          • The said resolution must be passed by majority of directors or members entitled to vote.<\/li>\n
          • If more than one third of directors require that the resolution must be decided at the meeting, the chairperson shall put the resolution to be decided at the meeting.<\/li>\n
          • The resolution passed through circulation be noted at a subsequent meeting and made part of the minutes of such meeting.<\/li>\n<\/ul>\n

            Some of the matters which cannot be passed by the Board by circulation are:<\/p>\n

              \n
            1. to fill a casual vacancy occurred in the Board;<\/li>\n
            2. to make calls on shareholders in respect of money unpaid on shares;<\/li>\n
            3. to of issue debentures;<\/li>\n
            4. to make any political contribution;<\/li>\n
            5. to make declaration of solvency;<\/li>\n
            6. to invest the funds of the company,<\/li>\n<\/ol>\n

              \"Secretarial<\/p>\n

              Question 10.
              \nXYZ Ltd. wishes to convey Meeting of Board of Directors through Electronic mode. Draft a suitable Notice for the same. Assume other informations. (June 2019, 5 marks)
              \nAnswer:
              \nDate : 01\/06\/2019 (ideally, should be on or more than 7 days before the meeting date)
              \nName of the Company: XYZ Ltd.
              \nReqistered Address: New Delhi –
              \nCIN : _____________
              \nEmail: XYZ @gmail.com
              \nWebsite: XYZ.com<\/p>\n

              NOTICE OF 4th<\/sup> BOARD MEETING<\/p>\n

              Mr. ABC Director,
              \nNew Delhi.<\/p>\n

              Dear Sir,<\/p>\n

              1. NOTICE is hereby given that the 4,h Meeting of the Board of Directors of the company will be held on Monday, the 12th June 2019 gt 4.30 pm at New Delhi.
              \n2. The Agenda of the business to be transacted at the Meeting will follow.<\/p>\n

              3. You may attend the Meeting through video conference, the details of which are enclosed. In case you desire to participate through such mode, please send a confirmation in this regard to Mr. P, the Company Secretary of the Company at XYZ@ gmail. com within 2 days to enable making necessary arrangements.<\/p>\n

              Kindly make it convenient to attend the Meeting.<\/p>\n

              Yours faithfully,
              \nFor XYZ Limited
              \n(Signature)<\/p>\n

              (Name)
              \n(Designation)
              \n(Email)<\/p>\n

              \"Secretarial<\/p>\n

              Question 11.
              \nA Company is an artificial judicial person created by Law\u201d. Comment. (June 2019, 5 marks)
              \nAnswer:
              \nA company is an artificial judicial person created by law having its own distinct entity form, has perpetual succession and capable of entering into contracts. Perpetual succession implies that upon death or disqualification of its owners or shareholders, the company continues to exist.<\/p>\n

              Though company is bestowed with the characteristic of separate legal entity but it cannot take decision on its own. It is capable of acting in its own name, entering into contracts. It is capable of owning and holding property in its own name, sue others and to be sued by others in its name. Despite all these powers, since it is not a natural person, it expresses its will or takes its decisions through natural persons (i.e. directors or members) collectively which is known as “resolutions.”<\/p>\n

              In Solomon vs. Solomon and Company Limited for the first time, the principle of the separate legal entity or separate legal existence of a company was recognized by the House of Lords. It was held that once the company is incorporated, it becomes a separate entity in the eyes of law independent of a company from Mr. Solomon.<\/p>\n

              \"Secretarial<\/p>\n

              Question 12.
              \nWhat are the provisions regarding quorum for the meeting of Board of Directors under Companies Act, 2013. Can article provide for the different quorum than the Companies Act, 2013? (June 2019, 4 marks)
              \nAnswer:
              \nAs per Section 174 of the Companies Act 2013:
              \nThe quorum for a meeting of the Board of Directors of a company shall be one third of its total strength or two directors, whichever is higher, and the participation of the directors by video conferencing or by other audio visual means shall also be counted for the purposes of quorum under this sub-section.<\/p>\n

              The continuing directors may act notwithstanding any vacancy in the Board; but, if and so long as their number is reduced below the quorum fixed by the Act for a meeting of the Board, the continuing directors or director may act for the purpose of increasing the number of directors to that fixed for the quorum, or of summoning a general meeting of the company and for no other purpose.<\/p>\n

              Where at any time the number of interested directors exceeds or is equal to two-thirds of the total strength of the Board of Directors, the number of directors who are not interested directors and present at the meeting, being not less than two, shall be the quorum during such time.<\/p>\n

              Where a meeting of the Board could not be held for want of quorum, then, unless the articles of the company otherwise provide, the meeting shall automatically stand adjourned to the same day at the same time and place in the next week or if that day is a national holiday, till the next succeeding day, which is not a national holiday, at the same time and place.<\/p>\n

              The Companies Act 2013 does not provide clarity on higher number of quorum. As per Secretarial Standard-1, Articles of Association may provide for higher number of directors for quorum.<\/p>\n

              \"Secretarial<\/p>\n

              Question 13.
              \n(c) \u2018Corporate decision making process has to be collective as per law\u2019. Comment. (Dec 2019, 5 marks)
              \n(d) Write down the required important practical aspects, while drafting agenda and notes thereon. (5 marks)
              \nAnswer:
              \n(c) A company is an artificial judicial person created by law having its own distinct entity form and capable of entering into contracts. Though company is bestowed with the characteristic of separate legal entity but it cannot take decision on its own. It is capable of acting in its own name, entering into contracts. It is capable of owning and holding property in its own name, sue others and to be sued by others in its name.<\/p>\n

              Despite all these powers, since it is not a natural person, it expresses its will or takes its decisions through natural persons (i.e. directors or members) collectively which is known as \u201cresolutions\u201d at validly held meetings.<\/p>\n

              In case of Re Associated Colour Laboratories Ltd (1970) 12 D.L.R, a meeting has been defined as \u2018Coming together of two or more persons face to face, so as to be in each other presence or company.<\/p>\n

              There are two collective bodies in the company which take decision through resolutions:<\/p>\n

                \n
              1. Board of Directors – Who manage, control and direct the business of the company<\/li>\n
              2. General body of members – Who ultimately own the company. Such decisions pertain to the various corporate activities and management of the company.<\/li>\n<\/ol>\n

                Thus corporate decision making process has to be collective as laid down in the Law.<\/p>\n

                \"Secretarial<\/p>\n

                (d) Following are the important practical aspects while drafting agenda and notes thereon:-
                \n1. While preparing the Agenda and notes thereon, good drafting is of the essence. Important or non routine items of the Agenda have to be written with special care, employing not only good drafting skills but also an understanding of commercial considerations and the business environment. The following points needs to be focused for drafting agenda and notes thereon:
                \n(a) Divide the Agenda into two parts: The first part containing usual or routine items and the second part containing other items which can further be bifurcated as (i) items for approval; and (ii) items for information\/noting.<\/p>\n

                (b) For each item of the Agenda an explanatory note should be provided. The explanatory note should give sufficient details of the proposal, including the proposed Resolution, if any, references to the provisions of the Companies Act and other applicable laws, the Memorandum and Articles of Association, other relevant documents, decisions of previous Board or General Meetings, as necessary. The explanatory note may be drafted under the following heads :<\/p>\n

                  \n
                1. Background (or Introduction);<\/li>\n
                2. Proposal, with recommendations of the management;<\/li>\n
                3. Provisions of Law;<\/li>\n
                4. Decision(s) to be taken ; and<\/li>\n
                5. Interest, if any, of any Directors.<\/li>\n<\/ol>\n

                  2. As a good governance practice, the agenda item should be initiated by the concerned Department (Head of Department or other authorised person) and approved by the competent authority as may be decided by the Board.<\/p>\n

                  3. The Company Secretary should refer to the Agenda of previous Meetings, to see whether any items had been deferred and should consider whether such items are to be included for discussion at the ensuing Meeting.<\/p>\n

                  4. The Company Secretary should also refer to the Minutes of the Meeting held during the corresponding period of the previous year to see whether there are any recurring periodic items (e.g. interim\/final dividend, quarterly results). The Company Secretary should finalise the Agenda in consultation with the Chairman or in his absence the Managing Director or in his absence the Whole-time Director.<\/p>\n

                  5. Notes on policy matters should present clear-cut issues in order to facilitate due deliberations and precise decisions at the Meeting.<\/p>\n

                  6. The Company Secretary should keep, in addition to a record of matters to be discussed, a separate folder of all such correspondence, notes and documents which need to be dealt with at the Meeting. In preparing the Agenda, the Company Secretary should refer to this folder to ensure that all items which require the decision of the Board are included in the Agenda.<\/p>\n

                  7. A separate Agenda item number should be given for items which are brought forward for discussion from a previous Meeting rather than placing them under the omnibus Agenda items.<\/p>\n

                  A few extra copies of the Agenda should always be kept available at the Meeting.<\/p>\n

                  \"Secretarial<\/p>\n

                  Question 14.
                  \n(a) Draft a specimen notice by Requisitionists convening an Extra-ordinary General Meeting as per annexure VII in this regard under the Companies Act, 2013. (Dec 2019, 8 marks)
                  \n(b) ‘Promoter of a company is a person who does the necessary preliminary work in connection with the formation and the establishing of the company’. Comment. (4 marks)
                  \n(c) When an urgent resolution by circulation can be initiated? (4 marks)
                  \nAnswer:
                  \n(a) NOTICE is hereby given that the persons named below, who are Members of ……………… (Name of the Company), having its Registered Office at ………………, and who have requisitioned the convening of an Extra-Ordinary General Meeting of the Company, hereby, in exercise of the powers and rights conferred by Section 100 of the Companies Act, 2013, give Notice that the said requisitioned meetings shall be held on ……………………….. day, the …………………. 20 ……………, at ………………… a.m.\/p.m. at …………………. (address) to consider the following proposal:<\/p>\n

                  State the proposal
                  \n{OR
                  \nfor considering and, if thought fit, passing the following Ordinary\/ Special Resolution:
                  \nReproduce the Resolution}
                  \nNames of requisitionists:
                  \n1. ………………………
                  \n2. ………………………
                  \n3. ………………………
                  \n4. ……………………….
                  \nNote:
                  \nA Member entitled to attend and vote at the Meeting is entitled to appoint a Proxy to attend and, on a poll, to vote instead of himself and the Proxy need not be a Member of the Company. Proxies, in order to be effective, should be duly completed, stamped (if applicable) and signed and must be received at the Registered Office of the Company not less than forty-eight hours before the time fixed for the Meeting.<\/p>\n

                  By Order of the Board of Directors
                  \nFor …………………….
                  \n……………………. (Signature)<\/p>\n

                  Place …………………..
                  \nDate : …………………. 20<\/p>\n

                  …………………… (Name)
                  \nCompany Secretary
                  \n(ACS\/FCS No ……………)<\/p>\n

                  Further Notes:
                  \n1. A Member entitled to attend and vote at the Meeting is entitled to appoint a Proxy to attend and, on a poll, to vote instead of himself and the Proxy need not be a Member of the Company. Proxies, in order to be effective, should be duly completed, stamped (if applicable) and signed and must be received at the Registered Office of the Company not less than forty-eight hours before the time fixed for the Meeting.<\/p>\n

                  2. The requisition dated …………….. referred to above, signed by the requisite number of Members in terms of Section 100 of the Companies Act, 2013, and all documents referred to in the Notice are available for inspection by any Member at the Registered Office of the Company on any working day of the Company between the hours of 11:00 a.m. and 1:00 p.m. upto the date of this Extra-Ordinary General Meeting and at the venue of the Meeting for the duration of the Meeting.<\/p>\n

                  3. Route-map to the venue of the Meeting is enclosed.<\/p>\n

                  \"Secretarial<\/p>\n

                  (b) Generally Promoter of a company is a person who does the necessary preliminary work in connection with the formation and the establishment of the company. It is promoters only who conceives an idea, develops it, formulates a scheme or project and takes all the necessary steps for the formation of a company to implement the project or the scheme.<\/p>\n

                  Before the company is registered by the Registrar promoters continue to be known as promoters. They gather funds for meeting the expenses in connection with the formation of the company and spend them, which are known and designated as \u201cpreliminary expenses\u201d and a provision is made in the articles of association of the company authorising the company and its directors to reimburse promoters the preliminary expenses incurred by them, and also a provision for the formalisation of the contracts which the promoters of the company had entered into with third parties prior to the birth of the company.<\/p>\n

                  Promoters usually enter into contracts with the prospective directors, solicitors, bankers, brokers, underwriters, auditors, secretary, manager and with those who offer to sell and, plant, machinery equipment etc. for implementing the proposed project.<\/p>\n

                  Such contracts are known as \u201cpromoters\u2019 contracts\u201d which are not binding on the company because the company had not come into existence when they were entered into with third parties by the company\u2019s promoters, However, as a matter of practice, the company, on its incorporation enters into fresh contracts with the third parties on the lines of the promoters\u2019 contracts, which then become binding on the company.<\/p>\n

                  \"Secretarial<\/p>\n

                  (c) The Companies Act, 2013 requires certain business to be approved only at Meetings of the Board. However, other business that requires urgent decisions can be approved by means of Resolutions passed by circulation. Resolutions passed by circulation are deemed to be passed at a duly convened Meeting of the Board and have equal authority.<\/p>\n

                  As per the secretarial standard 1 on \u2018Meetings of the Board of Directors\u2019:
                  \n1. The Chairman of the Board or in his absence, the Managing Director or in their absence, any Director other than an Interested Director, shall decide, before the draft Resolution is circulated to all the Directors, whether the approval of the Board for a particular business shall be obtained by means of a Resolution by circulation.<\/p>\n

                  2. Where not less than one-third of the total number of Directors for the time being require the Resolution under circulation to be decided at a Meeting, the Chairman shall put the Resolution for consideration at a Meeting of the Board.<\/p>\n

                  Interested Directors shall not be excluded for the purpose of determining the above one-third of the total number of Directors.<\/p>\n

                  Secretarial Standard 1 on \u2018Meetings of the Board of Directors\u2019 lists certain items of business which shall not be passed by circulation and shall be placed before the Board at its Meeting.<\/p>\n

                  \"Secretarial<\/p>\n

                  Question 15.
                  \nWhat are the powers of Board of Directors of a Company that can be exercised only in a full fledged Board Meeting under the provisions of the Companies Act, 2013. (Dec 2020, 4 marks)
                  \nAnswer:
                  \nPowers of the Board to be exercised at Board Meetings as prescribed under the Companies Act, 2013<\/p>\n

                  According to section 179(3) of the Companies Act, 2013 the Board of Directors of a company shall exercise the following powers on behalf of the company by means of resolutions passed at meetings of the Board, namely:<\/p>\n

                  (a) to make calls on shareholders in respect of money unpaid on their shares;
                  \n(b) to authorise buy-back of securities under section 68;
                  \n(c) to issue securities, including debentures, whether in or outside India;
                  \n(d) to borrow monies;
                  \n(e) to invest the funds of the company;
                  \n(f) to grant loans or give guarantee or provide security in respect of loans;
                  \n(g) to approve financial statement and the Board\u2019s report;
                  \n(h) to diversify the business of the company
                  \n(i) to approve amalgamation, merger or reconstruction;
                  \n(j) to take over a company or acquire a controlling or substantial stake in another company;
                  \n(k) any other matter which may be prescribed:<\/p>\n

                    \n
                  1. To make political contributions<\/li>\n
                  2. To appoint or remove key managerial personnel (KMP)<\/li>\n
                  3. To appoint internal auditors and Secretarial Auditor.<\/li>\n<\/ol>\n

                    \"Secretarial<\/p>\n

                    Question 16.
                    \nDescribe the specific contents that minutes of a meeting must contain under the provisions of the Companies Act, 2013. (Dec 2020, 4 marks)
                    \nAnswer:
                    \nAccording to Section 118(10) of the Companies Act, 2013 provides that every company shall observe secretarial standards with respect to general and Board meetings specified by the Institute of Company Secretaries of India (ICSI) constituted under section 3 of the Company Secretaries Act, 1980 (56 of 1980), and approved as such by the Central Government.<\/p>\n

                    As per Secretarial Standard-1 on \u2018Meetings of the Board of Directors\u2019 Minutes shall inter-alia contain:
                    \n(a) The name(s) of Directors present and their mode of attendance, if through Electronic Mode.
                    \n(b) In case of a Director participating through Electronic Mode, his particulars, the location from where he participated and wherever required, his consent to sign the statutory registers placed at the Meeting.
                    \n(c) The name of Company Secretary who is in attendance and Invitees, if any, for specific items and mode of their attendance if through Electronic Mode.
                    \n(d) Record of election, if any, of the Chairman of the Meeting.
                    \n(e) Record of presence of Quorum.
                    \n(f) The names of Directors who sought and were granted leave of absence.
                    \n(g) Noting of the Minutes of the preceding Meeting.
                    \n(h) Noting the Minutes of the Meetings of the Committees.
                    \n(i) The text of the Resolution(s) passed by circulation since the last Meeting, including dissent or abstention, if any.<\/p>\n

                    (j) The fact that an Interested Director did not participate in the discussions and did not vote on item of business in which he was interested and in case of a related party transaction such director was not present in the meeting during discussions and voting on such item.<\/p>\n

                    (k) If any Director has participated only for a part of the Meeting, the Agenda items in which he did not participate.<\/p>\n

                    (l) The fact of the dissent and the name of the Director who dissented from the Resolution or abstained from voting thereon.<\/p>\n

                    (m) Ratification by Independent Director or majority of Directors, as the case may be, in case of Meetings held at a shorter Notice.<\/p>\n

                    (n) Consideration of any item other than those included in the Agenda with the consent of majority of the Directors present at the Meeting and ratification of the decision taken in respect of such item by a majority of Directors of the company.<\/p>\n

                    (o) The time of commencement and conclusion of the Meeting.<\/p>\n

                    Apart from the Resolution or the decision, Minutes shall mention the brief background of all proposals and summarise the deliberations thereof. In case of major decisions, the rationale thereof shall also be mentioned.<\/p>\n

                    \"Secretarial<\/p>\n

                    Question 17.
                    \nWhat is a Resolution by Circulation as per Section 175 of the Companies Act, 2013? (Dec 2020, 4 marks)<\/p>\n

                    Question 18.
                    \nDraft a specimen Board Resolution of appointment of Ripudaman Singh as an Independent Director of M\/s. Rudraksh Ltd. (Dec 2020, 4 marks)
                    \nAnswer:
                    \nProposed by: Mr ……………..
                    \nSeconded by: Mr ………………
                    \nThe following Resolution having been proposed and seconded respectively by the aforementioned Members was put to vote as an Ordinary Resolution: \u201cRESOLVED that pursuant to the provisions of Sections 149, 150(2), 152 and any other applicable provisions of the Companies Acts 2013 and the rules made there under read with Schedule IV to the Companies Act, 2013, approval of the Company be and is hereby accorded for appointment of Mr. Ripudaman Singh (DIN No ……………….), as an Independent Director of the Company to hold the office for a period of 3 years i.e. up to …………………… AND THAT by virtue of sub-section (13) of Section 149 of the Companies Act, 2013 he shall not be liable to retire by rotation.\u201d<\/p>\n

                    The Chairman enquired from the members present if there were any clarifications required on the same. Since none of the Members required any clarification, the Ordinary Resolution was put to vote and on a show of hands declared carried by the requisite majority.<\/p>\n

                    VOTE OF THANKS
                    \nThere being no other business to transact the Meeting closed with a vote of thanks to the Chair.
                    \nDate : ………………….
                    \nPlace: ………………..<\/p>\n

                    CHAIRMAN
                    \n(DIN ……………)<\/p>\n

                    \"Secretarial<\/p>\n

                    Question 19.
                    \nDraft a specimen notice of a board meeting. Assufne facts. (Aug 2021, 4 marks)
                    \nAnswer:
                    \nName of the Company ………………………
                    \nRegistered Address ………………………….
                    \nCIN – ………………….. Email- …………………… Telephone : ……………………..
                    \nWebsite: …………………..
                    \nNOTICE OF ……………………….. (SERIAL NUMBER OF MEETING) BOARD MEETING
                    \nMr. ………………….
                    \nDirector,
                    \nNew Delhi.<\/p>\n

                    Dear Sir,<\/p>\n

                    1. NOTICE is hereby given that the (serial number ……………………….. of Meeting) Meeting of the Board of Directors of the company will be held on …………………….. (day of the week), the ………………………… (date) ……………………. (month) …………………… (year) at (a.m.\/p.m.) at …………………. (Venue)<\/p>\n

                    2. The Agenda of the business to be transacted at the Meeting is enclosed\/will follow.<\/p>\n

                    3. You may attend the Meeting through Electronic Mode, the details of which are enclosed. In case you desire to participate through such mode, please send a confirmation in this regard to …………………… (Name of Company Secretary\/ Chairman\/other Authorised Person), email ……………., Tel No. ………………… within ……………………. days (time frame) to enable making of necessary arrangements.<\/p>\n

                    Kindly make it convenient to attend the Meeting.<\/p>\n

                    Yours faithfully,
                    \nFor ………………….. Limited\/Pvt Limited
                    \n(Signature)
                    \n(Name)
                    \n(Designation)<\/p>\n

                    \"Secretarial<\/p>\n

                    Question 20.
                    \n(ii) Mention the practical aspects while drafting resolutions both for board and general meeting. (Aug 2021, 4 marks)
                    \n(iii) Draft a specimen notice in newspaper for postponement of AGM. (4 marks)
                    \n(iv) Comment on applicability of Secretarial Standard (SS) under the following circumstances:
                    \n(a) One Person Company (OPC) default in filing financial statements u\/s 137 and annual return u\/s 92 of the Companies Act, 2013.
                    \n(b) Private Company having two directors, default in submitting financial statements u\/s 137 and annual return u\/s 92 of the said Act.
                    \n(c) Entity u\/s 8 of the Companies Act, 2013, default in filing financial statement u\/s 137 of the said Act.
                    \n(d) Entity u\/s 8 of the Companies Act, 2013, default in filing annual return u\/s 92 of the said Act. (1 mark each)
                    \nAnswer:
                    \n(ii) The following points should be kept in mind while drafting resolutions both for Board and General meeting:<\/p>\n

                      \n
                    1. All essential facts are included in the resolutions.<\/li>\n
                    2. Surplus and meaningless words or phrases should not be included.<\/li>\n
                    3. Reference to documents approved at a meeting should be clearly identified.<\/li>\n
                    4. Resolutions must indicate the relevant provisions of the Act and the Rules.<\/li>\n
                    5. If a resolution is one which requires approval the Central Government or confirmation of NCLT\/Court, this must be stated in the resolution.<\/li>\n
                    6. A resolution must indicate when it will be effective.<\/li>\n
                    7. A resolution must confine itself to one subject matter and two distinct matters should not be covered in one resolution.<\/li>\n
                    8. A resolution must be concise, precise and flexible enough to take care of eventuality.<\/li>\n
                    9. ” Lengthy resolutions should be divided into paragraphs and arranged in a logical manner.<\/li>\n
                    10. Anybody not present at the meeting will know clearly what decision was taken.<\/li>\n<\/ol>\n

                      \"Secretarial<\/p>\n

                      (iii) Specimen Notice in Newspapers of postponement of Annual General Meeting
                      \nName of the Company …………………………
                      \nRegistered Address ……………………………
                      \nCIN : ………………….. Email : …………………….. Telephone: ……………………..
                      \nWebsite: …………………..<\/p>\n

                      NOTICE: POSTPONEMENT OF ANNUAL GENERAL MEETING<\/p>\n

                      Members are hereby informed that, due to the unforeseen circumstances, it is not possible for the Company to convene the ………………. Annual General Meeting of the Company, which was scheduled to be held on ………………. 20 …………………<\/p>\n

                      Accordingly, the Board of Directors of the Company has decided to postpone the said Annual General Meeting, which now will be
                      \nconvened on ………………20…. Notice and other documents, if any, relevant to the re-convened Meeting will be dispatched to the Members shortly.<\/p>\n

                      A Member entitled to attend and vote at the Meeting is entitled to appoint a Proxy to attend and, on a poll, to vote instead of himself and the Proxy need not be a Member of the Company. Proxies, in order to be effective, should be duly completed, stamped, signed and must be received at the Registered Office of the Company not less than fortyeight hours before the time fixed for the Meeting.<\/p>\n

                      By Order of the Board of Directors
                      \nFor ……………………….
                      \n……………………. (Signature)<\/p>\n

                      Place: ………………………
                      \nDate : ………………. 20 ……….
                      \n(ACS\/FCS No …………………)<\/p>\n

                      \"Secretarial<\/p>\n

                      (iv) Secretarial Standard (SS) is applicable to every company except companies as provided under section 118(10) of the Companies Act, 2013:
                      \n(a) Secretarial Standard does not apply to One Person Company, it is irrelevant whether there is default in filing financial statement or annual return.<\/p>\n

                      (b) Secretarial Standard applies to a private company, it is irrelevant whether there is default in filing financial statement or annual return.<\/p>\n

                      (c) Secretarial Standard does not apply to section 8 company generally, but if it is in default in filing financial statements u\/s 137 of the Companies Act, 2013, then Secretarial Standard will be applicable to such company.<\/p>\n

                      (d) Secretarial Standard does not apply to section 8 company generally, but if it is default in filing annual return u\/s 92 of the Companies Act, 2013, then Secretarial Standard will be applicable to such company.<\/p>\n

                      Question 21.
                      \nNotice of Annual General Meeting for XYZ Ltd. in which only ordinary businesses are to be transacted. Assume other facts, if required. (Dec 2021, 5 marks)
                      \nAnswer:
                      \nName of the company: XYZ Ltd.
                      \nRegistered Address: ……………………..
                      \nCIN: ……………………..
                      \nEmail: ……………………..
                      \nTelephone: ……………………..
                      \nWebsite: ……………………..<\/p>\n

                      NOTICE<\/p>\n

                      NOTICE is hereby given that the …………………….. (Meeting Number) Annual General Meeting (AGM) of XYZ Ltd. (CIN: ……………………..) will be held on …………………….. (day), the ……………………..(date), 20…. at …………………….. am\/pm at ….(address) to transact the following business:<\/p>\n

                      Ordinary Business:<\/p>\n

                        \n
                      1. To receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended on 31 st March … and the Report of the Board of Directors and Auditors.<\/li>\n
                      2. To declare dividend for the financial year ended on 31 st March…<\/li>\n
                      3. To appoint Director in place of Mr …………………….. (DIN ……………………..), who retire by rotation and being eligible, offer himself for reappointment.<\/li>\n
                      4. To appoint Statutory Auditors and to determine their remuneration. For this grants, to consider and if deemed fit, to pass, with or without modification, the following resolution as an Ordinary Resolution:<\/li>\n<\/ol>\n

                        \u201cRESOLVED THAT pursuant to the provisions of Section 139 and other applicable provisions if any, of the Companies Act, 2013 and the Rules framed thereunder, as amended from time to time, M\/s , ……………………..
                        \nChartered Accountants, (Firm Registration No ……………………..) be and are hereby appointed as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the ………………… Annual General Meeting of the Company, at a remuneration of \u20b9 ………………….. \/ for the year …………………… and \u20b9 ……………… \/ – per year for the subsequent ……………….. years plus reimbursement of out of pocket expenses and service tax, as applicable.\u201d<\/p>\n

                        \u201cRESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable or expedient to give effect to this Resolution.\u201d<\/p>\n

                        By Order of the Board of Directors (BO.D)
                        \nFor ……………………
                        \n(Signature)
                        \n(Name)<\/p>\n

                        Place
                        \nDate : ………………. 20 ……………..<\/p>\n

                        Director\/Company Secretary
                        \nDIN\/ACS\/FCS No :<\/p>\n

                        \"Secretarial<\/p>\n

                        Question 22.
                        \nDelegation of powers by Board of Directors. (Dec 2021, 4 marks)
                        \nAnswer:
                        \nPowers of Board
                        \nAccording to Section 179(3) of the Companies Act, 2013 provides that the Board of Directors of a company shall exercise the following powers on behalf of the company by means of resolutions passed at meetings of the Board, namely: \u2014
                        \n(a) to make calls on shareholders in respect of money unpaid on their shares;
                        \n(b) to authorise buy-back of securities under section 68;
                        \n(c) to issue securities, including debentures, whether in or outside India;
                        \n(d) to borrow monies;
                        \n(e) to invest the funds of the company;
                        \n(f) to grant loans or give guarantee or provide security in respect of loans;
                        \n(g) to approve financial statement and the Board\u2019s report;
                        \n(h) to diversify the business of the company;
                        \n(i) to approve amalgamation, merger or reconstruction;
                        \n(j) to take over a company or acquire a controlling or substantial stake in another company;
                        \n(k) any other matter which may be prescribed:<\/p>\n

                        Note Provided that the Board may, by a resolution passed at a meeting, delegate to any committee of Directors, the managing director, the manager or any other principal officer of the company or in the case of a branch office of the company, the principal officer of the branch office, the powers specified in clauses (d) to (f) on such conditions as it may specify.<\/p>\n

                        \"Secretarial<\/p>\n

                        Question 23.
                        \nDescribe Secretarial Standard – 2 as stipulated under the Companies Act, 2013 on the mode of delivery of Notice. (June 2022, 5 marks)<\/p>\n

                        Question 24.
                        \nDraft the following as per the instructions (Assume facts, if required): (June 2022)
                        \n(iii) Specimen of attendance slip and proxy form under the Companies Act, 2013 . (4 marks)
                        \n(iv) Minutes of the third Annual General Meeting of CJV Ltd. with agenda of adoption of accounts and declaration of dividend featured for consideration and decision. (4 marks)<\/p>\n

                        \"Secretarial<\/p>\n

                        Question 25.
                        \nDraft the following (a) in case of a resolution, the body to consider the same and the type of resolution; and (b) in other cases person authorised to issue the same. In all cases, the basis which gives rise to drafting should also be mentioned: (June 2012)
                        \nNotice of adjourned Board meeting. (5 marks) [CSPP -1]
                        \nAnswer:
                        \nAuthorised person : The Board of Director
                        \nBasis: Regulation 73 of Table F of Schedule I to the Companies Act, 2013.<\/p>\n

                        J.K.L. Co. Ltd.
                        \nRegistered Office : Address
                        \nNotice of Adjourned Board Meeting.<\/p>\n

                        Notice is hereby given that the meeting of the Board of Directors of the company convened and held on…. at ………… a.m.\/p.m. at the Registered Office of the company and adjourned to a date to be fixed by the Chairman has been decided to be convened and to be held on…. at … a.m.\/p.m. at the Registered Office of the company to transact the following business left incomplete at the said meeting of the Board held on ……….<\/p>\n

                        You are requested to make it convenient to attend meeting.<\/p>\n

                        Signature
                        \nMr ………………..
                        \nCompany Secretary<\/p>\n

                        Place – Allahabad
                        \nDate : 1st<\/sup> May 2011<\/p>\n

                        \"Secretarial<\/p>\n

                        Question 26.
                        \nDraft the following. In case of a resolution, state the type of meeting to consider such resolution and the nature of the resolution together with any special requirement attached to it. In respect of the rest, mention (a) who can issue the same; and (b) the basis for the issuance:<\/p>\n

                        Notice from an unlisted public company for holding an extra-ordinary General Meeting for consideration of the Board\u2019s proposal to buy-back 15% of the paid-up equity share capital (no explanatory statement is required). (Dec 2012, 5 marks) [CSPP -1]
                        \nAnswer:
                        \nWho can issue – The notice can be issued by the Secretary of the Company, if so authorized by the Board or by a Director authorized by the Board. Basis – Section 68 of the Companies Act, 2013.<\/p>\n

                        SPECIMEN OF NOTICE OF GENERAL MEETING
                        \nNOTICE<\/p>\n

                        Notice is hereby given that the Extraordinary General Meeting of the XYZ Limited will be held on ___________, 2013 at 11.00 a.m. at the registered office of the Company at Mumbai to consider and if thought fit, to pass fhe following resolution as a SPECIAL RESOLUTION, with or without modification.<\/p>\n

                        \u201cRESOLVED THAT pursuant to the provision of Sections 68, 69,70 and all other applicable provisions, if any, of the Companies Act, 2013, and the provisions contained in the Private Limited Company and Unlisted public Limited Company (Buy-Back of Securities) Rules, 2014, prescribed by the Ministry of Corporate Affairs including such modifications or re-enactment of the Act or the Rules and subject to such other approvals, permissions and sanctions as may be necessary and subject to such conditions and modifications as may be prescribed while granting such approvals, permissions and sanctions which may be agreed by the Board of Directors of the Company, the consent of the Company be and is hereby accorded to the Board to purchase its own equity fully paid-up equity shares of \u20b9 100\/-each upto a maximum of 20,082 equity shares of \u20b9 100\/- each being 15% of the paid-up equity share capital of the Company to be bought back from the existing shareholders of the Company at a price of \u20b9 625\/- per share payable in cash.<\/p>\n

                        RESOLVED FURTHER that the Directors of the Company be and are hereby authorized to carry out the aforesaid buying back of securities and to take every step that may be necessary in connection therewith or incidental thereto give effect to the above resolution or to accept any change or modification as may be suggested by the appropriate authorities or advisors.<\/p>\n

                        Mumbai
                        \n2013<\/p>\n

                        By Order of the Board
                        \nMr. A
                        \nDirector<\/p>\n

                        \"Secretarial<\/p>\n

                        Question 27.
                        \nA public limited company held its annual general meeting at its registered office and transacted all proposals of ordinary business. As the Company Secretary, draft minutes of the meeting and advise the Chairman regarding legal provisions for recording the minutes.\u00a0 \u00a0(Dec 2014, 8 marks) [CSPP -1]
                        \nAnswer:
                        \nMinutes of the Proceedings of the Second Annual General Meeting of XYZ Limited<\/p>\n

                        Held on Tuesday, 24th<\/sup> September 2014 at 3:30 p.m. at ___________ (Address)
                        \nThe following were present:<\/p>\n

                          \n
                        1. Mr. W (in the Chair)<\/li>\n
                        2. Mr. B (Director and Member)<\/li>\n
                        3. Mr. C (Director)<\/li>\n
                        4. Mr. D (Director and Member)<\/li>\n
                        5. Mr. E (Director, Chairman of Audit Committee)<\/li>\n
                        6. Mr. F (Company Secretary)<\/li>\n
                        7. \u00a0_________ (Members present in person) [state number]<\/li>\n
                        8. ___________ (Members present by Proxy) [state number]<\/li>\n<\/ol>\n

                          Mr. G, Partner of M\/s _________, Chartered Accountants, Auditors of the Company, was present. Mr. H, Practicing Company Secretary, was also present.<\/p>\n

                          Chairman: In accordance with Article ___________ of the Articles of Association, Mr. W, Chairman of the Board of Directors, took the Chair.<\/p>\n

                          \"Secretarial<\/p>\n

                          OR<\/p>\n

                          {Mr. B was elected Chairman of the Meeting, in terms of Article ________ of the Articles of Association of the Company}.<\/p>\n

                          The Chairman welcomed the Members and introduced the Directors seated on the dais.<\/p>\n

                          The Chairman declared that the requisite Quorum was present and called the Meeting to order. The Register of contracts or arrangements in which directors are interested was placed at the Meeting and was available for inspection.<\/p>\n

                          With the consent of the Members present, the Notice convening the Annual General Meeting of the Company was taken as read. The Chairman requested the Company Secretary to read the Auditors\u2019 Report.<\/p>\n

                          After the Auditor\u2019s Report had been read, the Chairman delivered his speech.<\/p>\n

                          The business of the Meeting as per the Notice thereof was thereafter taken up item wise.
                          \n1. Adoption of Accounts ‘
                          \nThe Chairman requested Mr. __________ to read the Ordinary Resolution for the adoption of the Accounts for the year ended 31st<\/sup> March, 2014 and Mr. __________ read out the Ordinary Resolution as follows:<\/p>\n

                          \u201cRESOLVED THAT the audited financial statement (including consolidated financial statement) of the Company for the financial year ended on that date, together with the Schedules and Notes attached thereto, along with the Reports thereon of the Directors and the Auditors, as circulated to the Members and laid before the Meeting, be and are hereby approved and adopted.\u201d<\/p>\n

                          After the above Resolution was proposed and seconded, but before it was put to the vote, the Chairman invited Members (other than those present by Proxy) to make observations and comments, if any, on the Report and Accounts, as well as on the other Resolutions set out in the Notice convening the Meeting.<\/p>\n

                          Some Members made their observations and comments and raised queries on the Annual Report and Financial Statement and other items set out in the Notice and the Chairman answered their queries.<\/p>\n

                          Before putting the Resolution to vote, the Chairman reminded the Meeting that Proxies were not eligible to vote on a show of hands. Thereafter, the Chairman put the Resolution for the adoption of the Accounts and the Reports thereon to the vote as an Ordinary Resolution.<\/p>\n

                          On a show of hands, the Chairman declared the aforesaid Ordinary Resolution carried by the requisite majority.<\/p>\n

                          \"Secretarial<\/p>\n

                          2. Declaration of Dividend
                          \nMr. __________ read the following Resolution as an Ordinary
                          \nResolution:
                          \n\u201cRESOLVED THAT the dividend @ \u20b9 2 on the equity shares of \u20b9 10 each, fully paid-up, be and is hereby declared for payment, after deduction of tax at source, if any, to those Members whose names appear on the Company\u2019s Register of Members on Tuesday, 24th<\/sup> September, 2014″.<\/p>\n

                          The Resolution was proposed by Mr. __________ and seconded by Mr. ____________ and was put to the vote as an Ordinary Resolution.<\/p>\n

                          On a show of hands, the Chairman declared the aforesaid Ordinary Resolution carried unanimously.<\/p>\n

                          3. Appointment of Director
                          \nProposed by : Mr. _____________
                          \nSeconded by : Mr. _____________
                          \nThe following Resolution having been proposed and seconded by the aforementioned two Members, was put to the vote as an Ordinary Resolution:<\/p>\n

                          \u201cRESOLVED THAT, pursuant to Section 152(6)(a) of the Companies Act, 2013, Mr. A, who retires by rotation and being eligible for re-appointment, offers himself for re-appointment, be and is hereby re-appointed as a Director of the Company and that his period of office be liable to determination by retirement of Directors by rotation.\u201d<\/p>\n

                          On a show of hands, the Chairman declared the aforesaid Ordinary Resolution carried unanimously.<\/p>\n

                          4. Appointment of Director
                          \nProposed by : Mr. _____________
                          \nSeconded by : Mr. _____________
                          \nThe following Resolution having been proposed and seconded by the aforementioned two Members, was put to the vote as an Ordinary Resolution:<\/p>\n

                          \u201cRESOLVED THAT, pursuant to Section 152(6)(a) of the Companies Act, 2013, Mr. B, who retires by rotation and being eligible for re-appointment, offers himself for re-appointment, be and is hereby re-appointed as a Director of the Company and that his period of office be liable to determination by retirement of Directors by rotation.\u201d<\/p>\n

                          On a show of hands, the Chairman declared the aforesaid Ordinary Resolution carried unanimously.<\/p>\n

                          \"Secretarial<\/p>\n

                          5. Appointment of Auditors
                          \nProposed by : Mr. _____________
                          \nSeconded by : Mr. _____________
                          \nThe following Resolution having been proposed and seconded by the aforementioned two Members, was put to the vote as an Ordinary Resolution:<\/p>\n

                          \u201cRESOLVED THAT M\/s. _____________, Chartered, Accountants, _____________, be and are hereby re-appointed as Auditors of the
                          \nCompany to hold office from the conclusion of this Meeting until the conclusion of the 6th<\/sup> Annual General Meeting of the Company on a remuneration of \u20b9 _____________, plus applicable GST and other out of pocket expenses incurred for the purposes of the audit\u201d.<\/p>\n

                          On a show of hands, the Chairman declared the aforesaid Ordinary Resolution carried unanimously.<\/p>\n

                          \"Secretarial<\/p>\n

                          Question 28.
                          \nDraft general notice to the members of the company in respect of the following:
                          \n(i) Central Government\u2019s approval for the appointment of Joe as the Managing Director of Shine Ltd.
                          \n(ii) Central Government\u2019s approval to increase remuneration of Yash as the Managing Director by Johnson Ltd. (Dec 2016, 4 marks) [CSPP -1]
                          \nAnswer:
                          \n(i) Notice Pursuant to the provisions of Section 201 of the Companies Act,, 2013, notice is hereby given that the Company intends to apply to the Central Government for its approval under section 200 of the Companies Act, 2013 for the appointment of Shri Joe as Managing Director of the Company, for a period of five years effective from …………………… on the terms and conditions as contained in the Draft<\/p>\n

                          Agreement approved by the Board of Directors on ……………………
                          \nRegistered Office:<\/p>\n

                          For Shine Limited
                          \n………………. Secretary<\/p>\n

                          Dated …………………….<\/p>\n

                          (ii) JOHNSON LIMITED
                          \nNotice in respect of Central Government\u2019s approval to increase remuneration of Yash as Managing Director of Johnson Limited. Notice is hereby given pursuant to Section 201 of the Companies Act, 2013 (the Act) that the company intends to make an application to the Central Government for its approval under section 200 of the Act to the increase in the remuneration payable to Shri Yash Managing Director of the Company.<\/p>\n

                          Registered Office:<\/p>\n

                          For JOHNSON LIMITED
                          \n……………………….. Secretary<\/p>\n

                          Dated …………………….<\/p>\n

                          \"Secretarial<\/p>\n

                          Question 29.
                          \nRia Technologies Ltd. was incorporated 10 years back. The Board of directors now wants to change its name to Ria Systems Ltd. Draft a notice and the explanatory statement for calling an extraordinary general meeting of the company for change of its name, assuming relevant data. (Dec 2016, 4 marks)
                          \nAnswer:
                          \nNOTICE<\/p>\n

                          Notice is hereby given to the members of the Company that the Extra Ordinary General Meeting of RIA TECHNOLOGIES LIMITED will be held on Friday the ___________ day of ___________ at 11:00 A.M. at its registered office<\/p>\n

                          To consider, and if thought fit, to pass with or without modification(s), the following resolution as Special Resolution:
                          \n\u201cRESOLVED THAT pursuant to the provision of Section 21 and all other applicable provisions, if any, of the Companies Act, 2013 and the Cos. (Incorporation) Rules, 2014 name of the company be hereby changed from RIA TECHNOLOGIES LIMITED to RIA SYSTEMS LIMITED and accordingly the name \u201cRIA TECHNOLOGIES LIMITED\u201d wherever it appears in the Memorandum and Article of Association of the Company be substituted by the name \u201cRIA SYSTEMS LIMITED\u201d in due course.<\/p>\n

                          Date: ___________
                          \nPlace: ___________<\/p>\n

                          By the Order of the Board
                          \nRIA TECHNOLOGIES LIMITED
                          \nDirector<\/p>\n

                          \"Secretarial<\/p>\n

                          NOTES (forming part of the Notice):
                          \nA MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY.<\/p>\n

                          The instrument(s) appointing the proxy, if any, shall be delivered at the Registered Office of the Company, not less than 48 hours before the commencement of the meeting and in default, the instrument of proxy shall be treated as invalid. Proxy shall have no right to speak at the meeting.<\/p>\n

                          All Statutory Records including Register of Members are open for inspection at the Registered Office of the Company during office hours on all working days except Saturday between 10.00 A.M. & 1.00 P.M. up to the date of Extra Ordinary General Meeting.<\/p>\n

                          Compliance with Section 101 (1) of the said Act for seeking consent of the shareholders for convening EGM at a shorter notice is annexed herewith this notice calling EGM. Members are requested to kindly fill up and submit the same at the Regd. Office of the company by ********.<\/p>\n

                          ANNEXURE TO NOTICE :
                          \nEXPLANATORY STATEMENT pursuant to Section 102(1) of the Companies Act, 2013.
                          \nItem No. 1:
                          \nAs per the desire of Board it\u2019s been proposed to change the name of the company in order to revamp the company\u2019s business and support the new venture. The new name proposed is \u201cRIA SYSTEMS LIMITED\u201d. Your Directors trust that this change of name will have the members support and approval. The Registrar of Companies has confirmed that the new name is available for registration under section 13 of the Companies Act, 2013 read with Cos. (Incorporation) Rules, 2014 vide their Name Availability letter dated ___________, and subject to the resolution being passed; an application will be made to the Central Government for approval to the change of name under section 13(2) of the Act.<\/p>\n

                          If the change of name is approved, share certificates already issued will not be called in only for the purpose of exchange into certificates bearing the new name, but will be so exchanged as and when the existing certificates come into the possession of the Company and in the meantime the existing certificates will continue to be accepted for all purposes, as indicating entitlement to shares of the Company. The Board recommends the adoption of the resolution.<\/p>\n

                          None of the directors of the Company or their relatives, Associate company(s) are concerned or interested in the Resolution.<\/p>\n

                          By the Order of the Board
                          \nRIA TECHNOLOGIES LIMITED
                          \nDirector<\/p>\n

                          \"Secretarial<\/p>\n

                          Question 30.
                          \nBeard of Directors of Day Night Prakashani Limited decide to shift its registered office of the company from Mumbai to National Capital Region (NCR). The Board has approved the change. The Board has to seek the approval of the members of the company for going ahead with the legal formalities as required under the Companies Act, 2013, for which the extra-ordinary general meeting of the members is scheduled to be held on 17th<\/sup> June, 2017. In this connection you are required to draft notice of the EGM for shifting of office outside the state and give explanatory statement in this regard. (June 2017, 8 marks)
                          \nAnswer:
                          \nDAY NIGHT PRAKASHANI LIMITED
                          \nCIN: ___________
                          \nREG. OFFICE: ___________
                          \nEMAIL ID: ___________<\/p>\n

                          Notice
                          \nNotice is hereby given that the Extra ordinary General Meeting of the Member of M\/s. Day Night Prakashani Limited will be held on Thursday, the 08 day of June, 2017 at 11:00 a.m. at the registered office of the company:<\/p>\n

                          SPECIAL BUSINESS:
                          \nItem I: To consider and if thought fit, with or without modification, the following resolution as special Resolution:<\/p>\n

                          \u201cRESOLVED THAT pursuant to provision of Section 12 and Section 13(7), of the Companies Act, 2013, read with Companies (Incorporation) Rules, 2014 and other applicable provision, if any, the consent of the members be and is hereby accorded to make an application to the Central Government for shifting of registered office of the company from Mumbai to National Capital Region (NCR).<\/p>\n

                          RESOLVED FURTHER THAT, Board of the Directors of the company, be and is hereby authorised to execute, sign, issue such papers which are necessary to bring the above mentioned resolution in force.<\/p>\n

                          By and on behalf of BOD for DAY NIGHT PRAKASHANI LTD.
                          \nDirector
                          \n(DIN: _________)<\/p>\n

                          Date : 10.05.2017
                          \nPlace : Mumbai<\/p>\n

                          \"Secretarial<\/p>\n

                          Notes: (forming part)<\/p>\n

                            \n
                          1. The members entitled to attend the meeting is entitled to appoint a proxy and vote instead of himself.<\/li>\n
                          2. Explanatory statement pursuant to Section 102(1) of the Companies Act, 2013, in respect of Special Business is annexed hereto.<\/li>\n<\/ol>\n

                            Explanatory Statement
                            \n(Pursuant to Section 102(1) of the Companies (Act, 2013)
                            \nYour board at their meeting held on 10.05.2017 has decided to shift the registered office of the company from the State of Maharashtra to the State of Uttar Pradesh, for which the approval of shareholders and Central Government is required. At present the registered office of the company is situated at Mumbai, and the current location is not advantageous for the business purpose of the company so the Board decided to shift it to the State of Uttar Pradesh where their corporate office is also situated.<\/p>\n

                            None, of the directors of the company are interested in the above mentioned resolution.<\/p>\n

                            By and on behalf of BOD for DAY NIGHT PRAKASHANI LTD.<\/p>\n

                            Date: 10.05.2017
                            \nPlace: Mumbai<\/p>\n

                            DIRECTOR
                            \nDIN: ___________<\/p>\n

                            \"Secretarial<\/p>\n

                            Question 31.
                            \nAssuming that you are appointed as Scrutinizer for conducting Postal Ballot and for furnishing details of Result of the Postal Ballot to the Chairman of the Company, prepare Scrutinizer\u2019s Report for the Chairman of the company to declare result of the ballot. Assume facts and figures. (Dec 2017, 4 marks) [CSPP -1]
                            \nAnswer:
                            \nSCRUTINIZER\u2019S REPORT TO THE CHAIRMAN ON POSTAL BALLOT FORM NO. MGT. 13<\/p>\n

                            Report of Scrutinizer(s)
                            \n[Pursuant to rule section 109 of the Companies Act, 2013 and rule 21 (2) of the Companies (Management and Administration) Rules, 2014]<\/p>\n

                            To,
                            \nThe Chairman
                            \nXYZ Limited
                            \nC-XXX, ABC Road
                            \nMNO-OOOOOO<\/p>\n

                            Scrutinizers Report on postal ballot in respect of passing of resolutions contained in Notice dated 19th<\/sup> February, 2017 through postal ballot.<\/p>\n

                            Dear Sir,
                            \nI, DKY have been appointed as Scrutinizer(s) by the Board of directors of XYZ Limited for scrutinizing postal ballot voting in respect of passing of resolution contained in Notice dated 19th<\/sup> February, 2017 through postal ballot.
                            \nI, submit my report as under:
                            \n1. After the time fixed for closing of the poll by the Chairman, i.e. 5 p.m. on 18th<\/sup> March, 2017 ballot boxes kept for polling were locked in my presence with due identification marks placed by me.<\/p>\n

                            2. The locked ballot boxes were subsequently opened in my presence and poll papers were diligently scrutinized. The poll papers were reconciled with the records maintained by the Company\/Registrar and Transfer Agents of the Company and the authorizations\/proxies lodged with the Company.<\/p>\n

                            3. The poll papers, which were incomplete and\/or which were otherwise found defective have been treated as invalid and kept separately.
                            \nOR
                            \nI did not find any poll papers invalid.<\/p>\n

                            \"Secretarial<\/p>\n

                            4. The result of the Poll is as under:
                            \n(a) Ordinary Resolution – Item No. 1 – To appoint Shri DFG (DIN 55555555) as an Independent Director
                            \n(i) Voted in favour of the resolution:<\/p>\n\n\n\n\n
                            Number of members present and voting (in person or by proxy)<\/td>\nNumber of votes cast by them<\/td>\n% of total number of valid votes case<\/td>\n<\/tr>\n
                            21071<\/td>\n5115186<\/td>\n0.2272<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                            (ii) Voted against the resolution:<\/p>\n\n\n\n\n
                            Number of members present and voting (in person or by proxy)<\/td>\nNumber of votes cast by them<\/td>\n% of total number of valid votes case<\/td>\n<\/tr>\n
                            795<\/td>\n3178437<\/td>\n0.1411<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                            (iii) Invalid votes:<\/p>\n\n\n\n\n
                            Total number of members (in person or by proxy) whose votes were declared invalid<\/td>\nTotal number of votes cast by them<\/td>\n<\/tr>\n
                            99<\/td>\n231821<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                            5. A Compact Disc (CD) containing a list of equity shareholders who voted \u201cFOR\u201d, \u201cAGAINST\u201d and those whose votes were declared invalid for each resolution is enclosed.<\/p>\n

                            6. The poll papers and all other relevant records were sealed and handed over to the Company Secretary\/Director authorized by the Board for safe keeping.<\/p>\n

                            Thanking you,<\/p>\n

                            Yours faithfully,<\/p>\n

                            Place : MNO
                            \nDated : 24th<\/sup> March, 2017<\/p>\n

                            [The scrutinizer shall submit his report as soon as possible after the last date of receipt of postal ballots but not later than seven days thereof]
                            \nName\/s and Signature\/s of the Scrutinizer\/s<\/p>\n

                            \"Secretarial<\/p>\n

                            Question 32.
                            \n(b) ABC Ltd. called an Annual General Meeting on 28th December, 1998. As the quorum was not present on that day, the meeting was adjourned to 4th<\/sup> January, 1999 on which date the meeting was duly held. No other AGM was held in 1999. Can the company be prosecuted for not holding AGM every year?<\/p>\n

                            (c) Two shareholders sued the Directors of a Company, alleging various fraudulent and illegal transactions, whereby the Company\u2019s property was misapplied. The transactions were, however, of such nature as the -majority of shareholders had the power to confirm. Will such suit succeed? Why? (June 2019, 4 marks each)
                            \nAnswer:
                            \n(b) Every type of company, must once in a year hold an annual general meeting as per Section 166 of the Companies Act, 1956. Not more than 15 months must elapse between the date of one annual general meeting and that of the next. However, a company may hold its first annual general meeting within 18 months from the date of its incorporation.<\/p>\n

                            In such a case, it need not hold any annual general meeting in the year of its incorporation as well as in the following year. In the case there is any difficulty in holding any annual general meeting (except the first annual meeting), the Registrar may, for any special reasons shown, grant an extension of time for holding the meeting by a period not exceeding 3 months provided the application for the purpose is made before the due date of the annual general meeting.<\/p>\n

                            Case example :
                            \nMeenakshi Mill Company Ltd. Vs. Assistant Registrar of Joint Stock Companies AIR 1938, in this case, the company failed to call an annual general meeting. The Company had called general meeting in December, 1934 which was adjourned and held on March 1935. It was pleaded by the company that since the general meeting called on 30th<\/sup> December. 1934 was adjourned to 31st<\/sup> March, 1935, and was held on that date.<\/p>\n

                            It follows that general meeting was held in 1934 and in 1935, and the general meeting held on the 28lh January, 1936, was within 15 months of 31st<\/sup> March, 1935. It was held by the Court that the annual general meeting held in March 1935 was the adjourned meeting of 1934. There shall be a general meeting held once at least in every year, that is, one meeting per year, and as many meetings as there are years. 1935 is a separate year and distinct meeting should be held. The Company was convicted.<\/p>\n

                            \"Secretarial<\/p>\n

                            In this case ABC Ltd. called an AGM on 28th<\/sup> December, 1998 and because of want of quorum, the meeting was adjourned and the meeting was held on 4th<\/sup> January 1999. The meeting held on 4th<\/sup> January, 1999 was the adjourned meeting of 1998. Thus, the company must held meeting for the financial year 1999. If it is not doing so, company can be prosecuted for not holding AGM every year.<\/p>\n

                            Alternate Answer as per Companies Act 2013:
                            \nAs per Section 96 of the Companies Act 2013, every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:<\/p>\n

                              \n
                            • Provided that in case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company and in any other case, within a period of six months, from the date of closing of the financial year<\/li>\n
                            • Provided further that if a company holds its first annual general meeting as aforesaid, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation<\/li>\n
                            • Provided also that the Registrar may, for any special reason, extend the time within which any annual general meeting, other than the first annual general meeting, shall be held, by a period not exceeding three months.<\/li>\n<\/ul>\n

                              In this case ABC Ltd. called an AGM on 28th<\/sup> December, 1998 and because of want of quorum, the meeting was adjourned and the meeting was held on 4th<\/sup> January 1999. The meeting held on 4th<\/sup> January, 1999 was the adjourned meeting of 1998. Thus, the company must held meeting for the financial year 1999. If it is not doing so, company can be prosecuted for not holding AGM every year.<\/p>\n

                              \"Secretarial<\/p>\n

                              (c) The suit filed by two shareholders against the directors of a company for. alleged fraudulent act causing losses to the company will not succeed because if the majority of shareholders had the power to confirm the act of the directors, in such case any suit against the directors will not survive.<\/p>\n

                              In Foss v. Harbottle (1842), two shareholders commenced legal action against the promoters and directors of the company alleging that they had misapplied the company assets and had improperly mortgaged the company property. The Court rejected the two shareholders’ claim and held that a breach of duty by the directors of the company was a wrong done to the company for which it alone could sue. In other words, the proper plaintiff in that case was the company and not the two individual shareholders.<\/p>\n

                              This rule is derived from two general legal principles of company law. Firstly, a company is a legal entity separate from its shareholders. Secondly, the Court will not interfere with the internal management of companies acting within their powers. Where an ordinary majority of members can ratify the act, the Court will not interfere. This simply means, if the majority can ratify an act, the minority cannot sue.<\/p>\n

                              \"Secretarial<\/p>\n

                              Question 33.
                              \nXYZ Ltd. wishes to shift its registered office from Maharashtra to Rajasthan. Draft a notice to convene Extraordinary General Meeting for this purpose along with Note and Explanatory Statement. Assume other facts, if required. (Dec 2021, 8 marks)
                              \nAnswer:
                              \nNotice of Extra – Ordinary General Meeting (EGM)
                              \nName of the Company ……………………….
                              \nRegistered Address ………………….
                              \nCIN : ………………………
                              \nWebsite : …………………….
                              \nEmail: …………………..
                              \nTelephone: ………………………<\/p>\n

                              Notice NOTICE is hereby given that an Extra-Ordinary General Meeting (EGM) of the Members of XYZ Ltd. will be held on …………… (day), ………………… (date) at …………………. am\/pm at ………………..(address) to transact the following Special Business:<\/p>\n

                              Shifting of Registered Office:
                              \nTo consider and, if thought fit, to pass with or without modification the following Resolution as a Special Resolution:<\/p>\n

                              \u201cRESOLVED that pursuant to Section 13 and other applicable provisions, if any, of the Companies Act, 2013 and subject to the approval of the Regional Director, (RD)the Registered Office of the Company be shifted from Maharashtra to Rajasthan.<\/p>\n

                              RESOLVED FURTHER that clause-ll of the Memorandum of Association (MOA) of the Company be altered by substitution of the words ……………………. in place of the words ……………………..<\/p>\n

                              RESOLVED FURTHER that the poard of Directors (BOD) of the Company be and is hereby authorized to file the necessary petition(s) before the Regional Director ……………………. Region for confirmation of the alteration of Clause-ll of the Memorandum of Association (MOA) of the Company as aforesaid and to carry out all other acts and deeds as are necessary in connection therewith, including compliance of directions, if any, of the concerned authorities.\u201d<\/p>\n

                              By Order of the Board of Directors
                              \nFor ……………………..
                              \n………………… (Signature)<\/p>\n

                              Director\/Company Secretary
                              \nDIN\/ACS\/FCS No.<\/p>\n

                              Place : ………………….
                              \nDate : …………………..<\/p>\n

                              \"Secretarial<\/p>\n

                              Notes:
                              \n1. The explanatory statement setting out the material facts pursuant to Section 102 of the Companies Act, 2013, relating the special business to be transacted at the meeting is annexed.<\/p>\n

                              2. All members are entitled to attend and vote at the meeting is entitled to appoint proxy to attend and, on a poll, to vote instead of himself and the proxy need not be a member of the Company,<\/p>\n

                              3. Proxies, in order to be effective, must be received in the enclosed Proxy form atm the Registered Office of the Company not less than forty-eight hours before the time fixed for the Meeting.<\/p>\n

                              4. In compliance with provisions of section 108 of the Companies Act, 2013 and rule 20 of the Companies (Management and Administration) Rules, 2014, the Company is pleased to provide members the facility of exercising their right to vote electronically on the item mentioned in this Notice. The Company has appointed Mr ……………….. as scrutinizer for conducting the e-voting process in fair and transparent manner.<\/p>\n

                              EXPLANATORY STATEMENT
                              \nAs required by section 102 of the Companies Act, 2013, the explanatory statement sets out all material facts relating to business mentioned in item no 1 of the accompanying notice dated ………………………..<\/p>\n

                              Item No 1.
                              \nThe registered office of the Company has been situated in the State of Maharashtra since the incorporation of the Company. The business of the Company has increased manifold since incorporation particularly in the state of Rajasthan. Directors of the Company too are belonging and residing in Rajasthan. It is expected that such growth trend of business in the State of Rajasthan will be maintained in future.<\/p>\n

                              As the growth of Company’s activities are now emerging in the state of Rajasthan, The Board of Directors are of the opinion that it will be more convenient and economical for the Company to manage the activities efficiently by shifting the Registered office in the state of Rajasthan.<\/p>\n

                              A copy of Memorandum of Association is available for inspection at the Registered Office the Company on all working days of the Company between 11.00 a.m. to 1.00 p.m. up to the date of meeting and at the venue of the meeting for the duration of the Meeting.<\/p>\n

                              The Board commends the passing of the resolution as a Special Resolution. None of the Directors and Key Managerial Personnel (KMP) of the Company or their relatives is concerned or interested in the proposed Resolution.<\/p>\n

                              \"Secretarial<\/p>\n

                              Secretarial Practice in Drafting Notice, Agenda and Minutes of Company\u2019s Meetings Notes<\/strong><\/p>\n

                              Secretarial Standards
                              \nSection 118(10) of the Companies Act, 2013, provides that every company shall observe Secretarial Standards with respect to general and board meeting specified by the Institute of Company Secretaries of India constituted under section 3 of the Company Secretaries Act, 1980 and approved as such by the Central Government. The Ministry of Corporate Affairs on 10th April, 2015 accorded the approval of the Central Government to the Secretarial Standards (SS) namely<\/p>\n

                                \n
                              1. SS-1; Meetings of the Board of Directors and<\/li>\n
                              2. SS-2 General Meetings<\/li>\n<\/ol>\n

                                In terms of Section 205(1 )(b), it is the function of the Company Secretary to ensure that the company complies with the applicable Secretarial Standards.<\/p>\n

                                Applicability of SS-1
                                \nIn terms of sub-section (10) of Section 118 of the Act, every company is required to observe SS-1 except<\/p>\n

                                  \n
                                1. One Person Companies(OPC)having only one Director on its Board and<\/li>\n
                                2. Such other class or class of companies which are exempted by Central Government through Notification e.g. companies licensed under Section 8 of the Companies Act, 2013<\/li>\n<\/ol>\n

                                  Exemptions shall be applicable to a Section 8 company provided it has not committed a default in filing its Financial Statements or Annual Return with the Registrar of Companies.<\/p>\n

                                  However, Section 8 companies need to comply with the applicable provisions of the Act relating to Board Meetings.<\/p>\n

                                  Applicability to Meetings of the Committees
                                  \nSS-1 is also applicable to the Meetings of Committee(s) of the Board constituted in compliance with the requirements of the Act. At present, the Act provides for the constitution of following committees of the Board:<\/p>\n

                                    \n
                                  • Audit Committee<\/li>\n
                                  • Nomination and Remuneration Committee<\/li>\n
                                  • Corporate Social Responsibility (CSR) Committee<\/li>\n
                                  • Stakeholders Relationship Committee<\/li>\n<\/ul>\n

                                    In case any other committee of the Board is constituted voluntarily or pursuant to any other statute or regulations etc., the company may comply with SS-1 with respect to meetings of such committee(s) as a good governance practice.<\/p>\n

                                    \"Secretarial<\/p>\n

                                    Guidance on the Provisions of SS-1
                                    \n(i) Convening a Meeting
                                    \nAuthority means who can convene meeting i.e. who shall sign notice of board meeting?
                                    \nSubject to Articles of Association of a company, Board meeting may be convened by<\/p>\n

                                      \n
                                    • Any Director of a company<\/li>\n
                                    • The Company Secretary or where there is np Company Secretary, any person authorized by the Board in this behalf, on the requisition of a Director.<\/li>\n
                                    • The Company Secretary cannot summon a Meeting on his own, unless authorized by the Board of Directors or the Articles to do so.<\/li>\n<\/ul>\n

                                      (ii) Manner of conducting requisitioned Meeting
                                      \nWhere any Meeting of the Board is called and held on the basis of a requisition by a Director, the provisions of the Act and SS-1 relating to Notice, Agenda, Notes on Agenda, length of Notice and manner of service of Notice and all other applicable provisions have to be complied with.<\/p>\n

                                      (iii) Day, Time, Place, Mode and Serial Number of Meeting
                                      \nIt is mandatory for every meeting to have a serial number for ease of reference.
                                      \nSerial number of the original Meeting and the adjourned Meeting should be the same.<\/p>\n

                                      (iv) Day of meeting
                                      \nNow, Board of Director\u2019s meeting can be convened even on Sunday and national holiday too. Even a meeting of Board of Director\u2019s adjourned for want of quorum can be held on national holiday.<\/p>\n

                                      Notice of the meeting
                                      \nVenue of the meeting: Notice of the Meeting shall clearly mention a venue, whether registered office or otherwise, to be the venue of the Meeting and all the recordings of the proceedings of the Meeting, if conducted through Electronic Mode, shall be deemed to be made at such place. Communication by a Director of his intention to participate through Electronic Mode: A Director intending to participate through Electronic Mode should communicate his intention to the Chairman or the Company Secretary of the company.<\/p>\n

                                      \"Secretarial<\/p>\n

                                      Meetings through Electronic Mode: There is no restriction on a company to hold all its Meetings through Electronic Mode provided the company ensures presence of physical Quorum during consideration of any of the restricted items of business and comply with the applicable legal provisions.<\/p>\n

                                      Delivery of Notice: Notice in writing of every Meeting shall be given to every Director by hand or by speed post or by registered post or by facsimile or by e-mail or by any other electronic means. Where a director specifies a particular means of delivery of notice, the notice shall be given to him by such means. But, in case of a meeting conducted at a shorter notice, the company may choose an expedient mode of sending notice.<\/p>\n

                                      Authority to sign Notice: Notice should be signed by the Company Secretary. If there is no Company Secretary, the Notice should be signed by any Director or any other person who is authorised by the Board to issue Notice.<\/p>\n

                                      Essentials of Notice:<\/p>\n

                                        \n
                                      1. The Notice shall specify the serial number, day, date, time and full address of the venue of the Meeting.<\/li>\n
                                      2. The Notice should specify the serial number given to the Meeting, as required under paragraph 1.2.1 of SS-1.<\/li>\n
                                      3. Day and date specified in the Notice should be as per the Gregorian calendar. .<\/li>\n<\/ol>\n

                                        Notice of Requisitioned Meeting: In the case of a requisitioned Meeting, it is advisable to mention in the Notice the fact that the Meeting is being convened on the requisition of a Director.<\/p>\n

                                        Notice is mandatory: The Notice of a Meeting shall be given even if meetings are held on pre-determined dates or at pre-determined intervals. Time period for giving Notice: Notice convening a Meeting shall be given at least seven days before the date of the Meeting, unless the Articles prescribe a longer period.<\/p>\n

                                        Notice period in the Articles: The company may prescribe a longer Notice period through its Articles, in which case the Articles should be complied with. However, the statutory Notice period of seven days cannot be reduced by the company in its Articles.<\/p>\n

                                        \"Secretarial<\/p>\n

                                        Frequency of Meetings
                                        \nMeetings of the Board: The company shall hold at least four Meetings of its Board in each Calendar Year with a maximum interval of one hundred and twenty days between any two consecutive Meetings. Now, the stricter requirement of holding Board Meeting in every quarter has gone away with. Provisions for One Person Company, Small Company and Dormant Company: Further, it shall be sufficient if a One Person Company, Small Company or Dormant Company holds one Meeting of the Board in each half of a calendar year and the gap between the two Meetings of the Board is not less than ninety days.<\/p>\n

                                        If a One Person Company, Small Company or Dormant Company holds only two Meetings in a year, then the gap between the two such Meetings should be minimum 90 days. If more than two Meetings are held in a year where the gap between the first and the last Meeting in a year exceeds 90 \u2019 days then it would be sufficient compliance of the requirement.<\/p>\n

                                        Meetings of Committees: Committees shall meet as often as necessary subject to the minimum number and frequency prescribed by any law or any authority or as stipulated by the Board. For example, the Audit Committee of equity listed company should meet at least four times in a year and not more than one hundred and twenty days should elapse between two Meetings.<\/p>\n

                                        Meeting of Independent Directors: Where a company is required to appoint Independent Directors under the Act, such Independent Directors shall meet at least once in a Calendar Year.<\/p>\n

                                        However, the MCA vide Notification dated 5 th July, 2017 has clarified that the Independent Directors are required to meet at least once in a financial year.<\/p>\n

                                        The independent directors of the company shall hold at least one meeting in a financial year without the attendance of non-independent directors and members of management; [Clause Vll(1) of Schedule IV to the Act].<\/p>\n

                                        Quorum
                                        \nQuorum shall be present throughout the Meeting: In order that a meeting may be properly constituted and the business be validly transacted, Quorum should be present.<\/p>\n

                                        Interested Director not to participate in Quorum: An Interested Director should neither participate nor vote in respect of an item in which he is interested, nor such Director be counted for Quorum in respect of such item.<\/p>\n

                                        However, such Director may be present in the Meeting during discussions on such item.<\/p>\n

                                        However, in case of a private company, a Director shall be entitled to participate in respect of such item after disclosure of his interest.<\/p>\n

                                        \"Secretarial<\/p>\n

                                        Attendance at Meetings
                                        \nAttendance register: Every company shall maintain attendance register for the Meetings of the Board and Meetings of the Committee. The pages of the attendance register shall be serially numbered.<\/p>\n

                                        Manner of maintaining attendance register: Attendance may be recorded on separate attendance sheets or in a bound book or register. If an attendance register is maintained in loose-leaf form, it shall be bound periodically, at least once in every three years.<\/p>\n

                                        Particulars of attendance register: The attendance register shall contain the following particulars:<\/p>\n