Requirement of annexing explanatory statement to notice where business to be transacted is special business - Companies Law - Letter : No. 8/16(1)/61‑PR,

Letter : No. 8/16(1)/61 ‑ PR, dated 19 ‑ 5 ‑ 1961. Subject:- Requirement of annexing explanatory statement to notice where business to be transacted is special business Query : Under section 173, for any item of business to be treated as special business, a statement is to be annexed setting out material facts concerning such item. Is it correct to suggest that annexation of the relevant particulars is sufficient compliance with the law and no specific mention in the notice that the item is a special item is necessary ? Whether the explanatory statement for any such special item is a part of the notice itself ? Answer : Mention of full relevant particulars in the explanatory statement annexed to the notice would be sufficient compliance with the law. The answer to second query is in affirmative.