Section 101 of the Companies Act, 2013, mandates companies to provide notice of general meeting to its members. The key details related to this compliance requirement are:
Purpose: The purpose of the notice of the general meeting is to inform shareholders about the date, time, and location of the meeting and the agenda items to be discussed.
Applicability: The requirement is applicable to all types of companies, including private, public, and one-person companies.
Timeline: The notice must be sent to the shareholders at least 21 days before the date of the meeting. In case of a shorter notice period, approval from at least 95% of the shareholders entitled to vote is required.
Exemption: The Companies Act does not provide any exemption from this requirement.
Penalty: Non-compliance with the notice requirement can lead to a penalty of up to Rs. 2,00,000.
Due Date: The due date for sending the notice is at least 21 days before the date of the general meeting.
Forms: The notice can be sent in physical or electronic form, as per the choice of the company.
Reporting Authority: The company is responsible for sending the notice to its shareholders.
