Amended and updated notes on section 97 of Companies Act 2013. Detail discussion on provisions and rules related to power of Tribunal to call annual general meeting.
Chapter VII (Sections 88–122) of the Companies Act, 2013 (CA 2013) deals with the provisions related to management and administration. Section 97 of CA 2013 provides for power of Tribunal to call annual general meeting.
Recently, we have discussed in detail section 96 (Annual General Meeting) of CA 2013. Today, we learn the provisions of section 97 of Companies Act 2013.
Section 97 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 1934(E) issued dated 01.06.2016. This notification shall come into force from 1st June, 2016 i.e. the commencement date of section 97 is 01-06-2016.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | VII |
| Chapter Name | Management and Administration |
| Section No. | 97 |
| Section Name | Power of Tribunal to call annual general meeting |
| Monthly Updated Edition | Company Law PDF |
Section 97 of Companies Act 2013: Power of Tribunal to call annual general meeting
Section 97 shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.
(1) If any default is made in holding the annual general meeting of a company under section 96, the Tribunal may, notwithstanding anything contained in this Act or the articles of the company, on the application of any member of the company, call, or direct the calling of, an annual general meeting of the company and give such ancillary or consequential directions as the Tribunal thinks expedient:
Provided that such directions may include a direction that one member of the company present in person or by proxy shall be deemed to constitute a meeting.
(2) A general meeting held in pursuance of sub-section (1) shall, subject to any directions of the Tribunal, be deemed to be an annual general meeting of the company under this Act.