Companies Act, 1956
Sec 167 - Power
of Company Law Board to call annual general meeting.
(1) If default is made in holding an annual
general meeting in accordance with section 166, the Company Law Board may,
notwithstanding anything in this Act or in the articles of the company, on the
application of any member of the company, call, or direct the calling of, a
general meeting of the company and give such ancillary or consequential
directions as the Company Law Board thinks expedient in relation to the
calling, holding and conducting of the meeting.
Explanation: The directions that
may be given under this sub-section may include a direction that one member of
the company present in person or by proxy shall be deemed to constitute a
meeting.
(2) A general meeting held in pursuance of
sub-section (1) shall, subject to any directions of the Company Law Board, be
deemed to be an annual general meeting of the company.