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Business Environment and Law-Meetings And Resolutions

Requisites Of A Valid Meeting - Meetings And Resolutions

   Posted On :  14.05.2018 10:24 pm

A meeting can validly transact any business, if the following requirements are satisfied:

Requisites Of A Valid Meeting:
 
 
A meeting can validly transact any business, if the following requirements are satisfied:
 
            The meeting must be duly convened by a proper authority.
 
            A proper notice must be served in the prescribed manner.
 
            A quorum must be present.
 
            A chairman must preside.
 
            Minutes of the proceedings must be kept by Proper Authority .
 
 

Proper Authority To Convene Meeting

 
 
A meeting must be convened or called by a proper authority. Otherwise it will not be a valid meeting. The proper authority to convene general meetings of a company is the Board of Directors. The decision to convene a general meeting and issue notice for the same must be taken by a resolution passed at a validly held board meeting.

 

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