Clause 28 - Amendment of section 101. - Companies (Amendment) Bill, 2017

Amendment of section 101. 28. In section 101 of the principal Act, in sub-section ( 1 ), for the proviso, the following proviso shall be substituted namely:- Provided that a general meeting may be called after giving shorter notice than that specified in this sub-section if consent, in writing or by electronic mode, is accorded thereto- ( i ) in the case of an annual general meeting, by not less than ninty-five per cent. of the members entitled to vote thereat; and ( ii ) in the case of any other general meeting, by members of the company- ( a ) holding, if the company has a share capital, majority in number of members entitled to vote and who represent not less than ninety-five per cent of such part of the paid-up share capital of the company as gives a right to vote at the meeting; or ( b ) having, if the company has no share capital, not less than ninty-five per cent. of the total voting power exercisable at that meeting: Provided further that where any member of a company is entitled to vote only on some resolution or resolutions to be moved at a meeting and not on the others, those members shall be taken into account for the purposes of this sub-section in respect of the former resolution or resolutions and not in respect of the latter. .