Summary
- A General Meeting under Section 101(1) of the Companies Act, 2013 typically requires 21 days' notice, but can be called at shorter notice with member consent.
- However, even with 95% consent, proxy requirements under Section 105 must still be complied with, complicating same-day meetings.
- The ICSI Guidance Note clarifies that if all members consent to shorter notice, proxy rules can be waived, allowing both meetings on the same day.
- This nuanced interpretation emphasizes the importance of understanding proxy requirements in corporate governance.
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