Question 1

Under what circumstances is an Extraordinary General Meeting (EGM) convened?

Accepted Answer

An EGM can be convened by the Board of Directors under Section 100 of the Companies Act, 2013 on its own motion, or on the requisition of members holding not less than one-tenth (10%) of the paid-up share capital carrying voting rights, to transact urgent special business that cannot wait until the next AGM.

Question 2

Can an EGM be called on shorter notice than 21 clear days?

Accepted Answer

Yes. Under Section 101(1) proviso of the Companies Act, 2013, an EGM may be called on shorter notice if consent is given in writing or by electronic mode by majority in number of members entitled to vote and who represent not less than 95% of such part of the paid-up share capital.

Question 3

How does Postal Ballot voting work alongside EGMs?

Accepted Answer

Under Section 110 of the Companies Act, 2013 read with Rule 22, certain statutory business items (such as alteration of MOA/AOA, buybacks, or change of registered office) must be transacted through postal ballot. Electronic voting replaces physical paper ballots for all mandated companies under Section 108.

Question 4

What majority is required to pass a Special Resolution at an EGM?

Accepted Answer

Under Section 114(2) of the Companies Act, 2013, a Special Resolution requires that the votes cast in favor of the resolution by members are not less than three times the number of votes cast against it (i.e. at least 75% supermajority of valid votes cast).

Extraordinary General Meeting E-Voting Platform

Key Special Resolutions Transacted via EGM & Postal Ballot

Mergers & Amalgamations (M&A)

Capital Restructuring & Preferential Issues

MOA & AOA Amendments

Material Related Party Transactions

Urgent Board Reconstitution

Member Requisitioned Meetings

EGM & Postal Ballot FAQs

Statutory Attribution & Review Metadata

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