Extra-ordinary general meeting

Extra-ordinary general meeting

(1) The board of directors of a company may convene an extraordinary general meeting if it deems necessary.

(2) If in the course of examining the account of a company, it is deemed necessary to call an extraordinary general meeting for any reason, the auditor may request the board of directors to call such meeting; and if the board of directors fails to call the meeting accordingly, the auditor may make an application, setting out the matter, too the Office; and if an application is so made, the Office may call the extraordinary general meeting of the company.

(3) If the shareholders holding at least ten percent shares of the paid-up capital of a company or at least twenty-five percent shareholders of the total number of shareholders make an application, setting out the reasons, therefore, to the registered office of the company for calling an extraordinary general meeting of the company.

(4) If the board of directors does not call the extraordinary general meeting within thirty days from the date on which an application is made pursuant to Sub-section (3), the concerned shareholders may make a petition to the Office setting out the matter; and if such petition’s made, the Office may cause to call such meeting.

(5) If the Office deems necessary to call an extraordinary general meeting in view of the findings of any inspection or investigation or for any others reason, it any itself call or cause their board of directors to call such meeting.