Zee Entertainment, Dish TV will have to call EGMs within 45 days and seek shareholder’s approval: IiAS

The boards of ZEE Entertainment Enterprises (ZEEL) and Dish TV will have to convene an EGM in 45 days and seek shareholder’s approval after large investors sought removal of certain directors.

“The Companies Act 2013 has laid out the process for investors calling an EGM. Within 45 days, the company is required to hold an EGM and if they don’t, then the investors have three months to organise the EGM for which the company will have to bear expenses,” proxy advisory firm Institutional Investor Advisory Services India (IiAS) said in a note.