Section 102 of CA 2013 : Section 102: Statement To Be Annexed To Notice

CA 2013

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Explanation using Example

Imagine a company, XYZ Private Limited, is holding its Annual General Meeting (AGM). The agenda includes a special resolution to sell one of the company's manufacturing units. According to Section 102 of the Companies Act, 2013, the notice of the AGM sent to all shareholders must include a statement with material facts about this special business item.

In this case, the statement must disclose if any director, manager, or key managerial personnel has any financial interest in the transaction. For example,...

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