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If a company fails to convene its AGM by the due date, who can approach the NCLT to seek a direction to call the meeting?
AOnly the Board can apply
BA member holding at least 1% of paid-up share capital
CMinimum two members jointly with 1% capital
DAny member of the company
Answer & Solution
Correct answer: D. Any member of the company
1. Section 97 allows ANY member to apply to the NCLT for a direction to call the AGM.
2. There is no minimum shareholding or member-count requirement for this petition.
3. Hence (A).
_Source: ICAI BoS CA Inter Paper 2 — Preliminary_