Clause 115 - Resolutions requiring special notice. - Companies Bill, 2011

Resolutions requiring special notice. 115. Where, by any provision contained in this Act or in the articles of a company, special notice is required of any resolution, notice of the intention to move such resolution shall be given to the company by such number of members holding not less than one per cent. Of total voting power or holding shares on which an aggregate sum of not less than one lakh rupees has been paid-up and the company shall give its members notice of the resolution in such manner as may be prescribed.