These businesses are to be compulsorily dealt in every Annual General Meeting of a Company, and therefore these are called as ‘Ordinary Business’.
(ii) the declaration of any dividend;
(iii) the appointment of directors in place of those retiring;
(iv) the appointment of, and the fixing of the remuneration of, the auditors;
- The corresponding provisions for Section 102(2) of the Companies Act, 2013 were earlier prescribed under Section 173(1) of Companies Act 1956.
- The provisions of this section is applicable to all companies (both Private and Public Company including Listed company).