Question

The Board must call an extraordinary general meeting on receipt of the requisition from the following number of members:
(I) In the case of a company having a share capital: members who hold, on the date of the receipt of the requisition, not less than _______ of such of the paid-up share capital of the company as on that date carries the right of voting;
(II) In the case of a company not having a share capital: members who have, on the date of receipt of the requisition, not less than _______of the total voting power of all the members having on the said date a right to vote.

• A. one-tenth; one-fifth
• B. one-tenth; one-tenth
• C. one-fifth; one-tenth
• D. one-fourth; one-tenth

Answer 1

Answer: (B)

one-tenth; one-tenth

Under section 100 of the Companies Act, the Board of directors has been given the power to call extraordinary general meetings:

• In the case of a company having a share capital, such number of members who hold, on the date of the receipt of the requisition, not less than one-tenth of such of the paid-up share capital of the company as on that date carries the right of voting;
  
• In the case of a company not having a share capital, such number of members who have, on the date of receipt of the requisition, not less than one-tenth of the total voting power of all the members having on the said date a right to vote.