Amended and updated notes on section 115 of Companies Act 2013. Detail discussion on provisions and rules related to resolutions requiring special notice.
Chapter VII (Sections 88–122) of the Companies Act, 2013 (CA 2013) deals with the provisions related to management and administration. Section 115 of CA 2013 provides for resolutions requiring special notice.
Recently, we have discussed in detail section 114 (Ordinary and special resolutions) of CA 2013. Today, we learn the provisions of section 115 of Companies Act 2013 read with the Companies (Management and Administration) Rules, 2014.
Section 115 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 902(E) issued dated 27.03.2014. This notification shall come into force from 1st April, 2014 i.e. the commencement date of section 115 is 1-04-2014.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | VII |
| Chapter Name | Management and Administration |
| Section No. | 115 |
| Section Name | Resolutions requiring special notice |
| Monthly Updated Edition | Company Law PDF |
Section 115 of Companies Act 2013: Resolutions requiring special notice
Section 115 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
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 such aggregate sum not exceeding five lakh rupees, as may be prescribed, has been paid-up and the company shall give its members notice of the resolution in such manner as may be prescribed.