Section 38: Section 195 of the Companies Act, 2009 is amended in

“(1) If for any reason it is impracticable to call a meeting of a company or of the board of directors in any manner in which meetings of that company or board may be called, or to conduct the meeting of the company or board in the manner prescribed by the articles or this Act the Commission may – (a) of its own motions, or (b) on the application of any director of the company or of any member of the company who would be entitled to vote at the meeting; direct that a meeting of the company or board, as the case may be, to be called, held and conducted in such manner as the Commission thinks fit, and where any such directive is given may give such ancillary or consequential direction as it thinks expedient; and these may include a direction that one member of the company present in person or by proxy be deemed to constitute a meeting, either of its own motion or otherwise.”