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NCLT directs Zee board to consider Invesco's requisition for EGM
The National Company Law Tribunal (NCLT) on Thursday asked Zee Entertainment and its board to consider the requisition of Invesco Developing Markets Fund and OFI Global China Fund LLC, who hold 18 per cent stake in the company, to hold an extraordinary general meeting (EGM) of the company.
The bench of Bhaskar Pantula Mohan and Chandra Bhan Singh has also asked the company and its board to comply with Section 100 of the Companies Act, 2013, which says that the board of a company shall, at the requisition made by
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