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Question

In the case of a company having a share capital, the Board shall on the requisition of such number of members, call the extra ordinary general meeting who hold, on the date of the receipt of the requisition_______________

A Having one-tenth of such of the paid-up share capital of the company as on that date carries the right of voting Correct Answer Incorrect Answer
B Less than one-tenth of such of the paid-up share capital of the company as on that date carries the right of voting Correct Answer Incorrect Answer
C 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 Correct Answer Incorrect Answer
D Not more than one-tenth of such of the paid-up share capital of the company as on that date carries the right of voting Correct Answer Incorrect Answer
E More than one-tenth of such of the paid-up share capital of the company as on that date carries the right of voting Correct Answer Incorrect Answer

Solution

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, Explanation: (2) The Board shall, at the requisition made by— (a) 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.

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