Broadly speaking, company meetings may be classified as follows:
Meetings And Resolutions
General
Meetings Of Shareholders: Kinds Of Company Meetings:
Broadly
speaking, company meetings may be classified as follows: 1. Meetings of Shareholders or
Members: This again may be of four types: Statutory Meeting Annual General Meeting Extraordinary General Meeting Class Meetings 2. Meetings of Directors Meetings of Board of Directors Meetings of Committees of Directors MeetingsofCreditors,DebentureholdersandContributories. 1. Statutory Meeting (Sec. 165):
Every company limited by shares
and every company limited by guarantee and having a share capital shall, within
a period of not less than one month and not more than six months from the date
at which the company is entitled to commence business, hold a general meeting
of the members of the company. This meeting is called the ‘statutory meeting’.
This is the first meeting of the shareholders of a public company and is held
only once in the lifetime of a company. Statutory report:
The Board of Directors shall, at
least 21 days before the day on which the meeting is to be held, forward a
report, called the ‘statutory report’, to every member of the company.
Procedure at the meeting:
List of members. Discussion of matters relating to formational
aspect. Adjournment. Objects of the meeting and report
To put the members of the company
in possession of all the important facts relating to the company. To provide the members an
opportunity of meeting and discussing the management, methods and prospects of
the company. To approve the modification of
the terms of any contract named in the prospectus. Tags : Business Environment and Law-Meetings And Resolutions
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