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प्रश्न
Answer in brief
What are Class Meetings?
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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.
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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 ___________.
Select the correct answer from the options given below and rewrite the statement.
The Secretary has to draft the minutes of the meeting within __________ days of the meeting.
Write a word or a term or a phrase which can substitute each of the following statement.
A meeting of shareholders which is held once in a year
Write a word or a term or a phrase which can substitute each of the following statement.
A Report which is prepared before Annual General Meeting.
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.
Only special business is transacted at Annual General Meeting.
State whether the following statement is True or False.
A member has a right to attend Board Meeting.
State whether the following statement is True or False.
Extraordinary General Meeting is called for special and urgent purpose.
State whether the following statement is True or False.
Secretary has to arrange to take down the notes of the proceedings of the meeting.
Find the odd one.
Select the correct option form the bracket
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Group A |
Group B |
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Interval between two annual meeting |
______ |
Answer in one sentence
When can an Adjourned Annual General meeting be held?
Answer in one sentence
Why is Extraordinary General Meeting held?
Answer in one sentence
When should the first Annual General Meeting be held?
Justify the following statement.
Annual General Meeting is adjourned in absence of quorum.
Justify the following statement.
A notice of meeting must be sent to all members in case of a General Meeting.
Justify the following statement.
The Quorum for Annual General Meeting of a public company depends upon the number of shareholders.
Explain the functions of a secretary related with Annual General Meeting.
