COMPANY LAW BOARD

Querist : Anonymous (Querist) 23 June 2010 This query is : Resolved
==> Extra ordinary general meeting called by Bank of Rajasthan on 21.06.2010 cancelled on the same day at 12.50 PM following the stay order issued by Kolkatta Lower court

==> Following the stay orders at around 12.50 PM meeting declared cancel by MD and other executives of the bank and left the venue.

==> Immediately the then gathered shareholders convened the meeting at around 2.00 PM ( stay order effective at the time of meeting )

==> later on in the evening at around 4.00 pm the stay got vacated from Kolkatta High Court by ICICI Bank ( not a party to the meeting )

My query is as under :

1. What are the formalities to be followed by the share holders in terms of Company Law Board

2. Whether the decision taken in the meeting is binding on the Bank once the meeting declared as cancelled following the law order

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