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Appointment of an auditor in the place of retiring auditor

Sir here, it is said that the notice should be sent to members whose voting rights is not less than one percent of the total voting power or members whose paid up capital not exceeding5 lacks. Not exeeding 5 lakhs means even share holder having just one share should also entitled to receive notice. Is this correct

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sakthi saravanan

sakthi saravanan

CA Inter

510

02-Dec-20 11:15

10

Answers (1)

This is the minimum requirement of shareholding to ask company to give special notice. Notice will be given to all.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Dec-20 14:55

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