Advertisements
Advertisements
प्रश्न
Answer in brief
What are Class Meetings?
Advertisements
उत्तर
Meaning: The rights attached to the shares of any class may be varied or altered any time by the company. A consent of the holders in writing is necessary for such alteration. A meeting which is held to obtain such consent from a particular class of shareholders is called ‘Class Meeting’.
Legal Provisions: Section 48 of the Companies Act, 2013, provides for the holding of meetings of a particular class ofshareholders, if necessary. It is held whenever a company desires to make changes in the rights and duties of a particular class of shareholders. Article of Association may provide for arranging such meeting.
Purpose : The purpose of class meeting are to discuss the matters Which are affecting the rights and duties of particular class of shareholders and to get their approval for the changes desired to be carried out.
Convene: If a company wants to change the rate of dividend on preference shares, the company has to convene a meeting of preference shareholders to get their approval. Similarly, if the preference shareholders are not paid dividend for more than two years, they can summon a meeting of all the preference shareholders.
Frequency: The class meeting is held or arranged very rarely and not regularly.
Resolution: Usually special resolutions are passed in this meeting.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
The business transacted in extra ordinary general meeting is _________ business.
Select the correct answer from the options given below and rewrite the statement.
New Directors in place of retiring Directors are appointed in the ___________.
Write a word or a term or a phrase which can substitute each of the following statement.
A meeting of shareholders which is held between two annual general meetings.
Write a word or a term or a phrase which can substitute each of the following statement.
A meeting of the shareholders which is held under special circumstances.
State whether the following statement is True or False.
Annual Report is prepared by members.
State whether the following statement is True or False.
A member has a right to attend Board Meeting.
Find the odd one.
Complete the sentence
The meeting which is held once in every financial year is called is _______
Complete the sentence
The meeting held to discuss and decide any special or urgent matters is called as _________
Complete the sentence:
The Authority to convene the Annual General Meeting is with the __________
Select the correct option form the bracket
|
Group A |
Group B |
|
Interval between two annual meeting |
______ |
Answer in one sentence
When can an Adjourned Annual General meeting be held?
Answer in one sentence
When should the first Annual General Meeting be held?
Correct the underlined word and rewrite the following sentence.
Extraordinary Meeting must be held every year.
Answer in brief
List the duties of a Secretary after the Annual General Meeting.
Answer in brief
State the objectives of Annual General Meeting.
Justify the following statement.
A notice of meeting must be sent to all members in case of a General Meeting.
