Advertisements
Advertisements
प्रश्न
Briefly state different types of company meetings.
Advertisements
उत्तर
A Company can convene meetings to discuss the performance of the company and also take decisions. Under the Companies Act 2013, company meetings may be classified as below:
(1) Meetings of Shareholders: The meeting held for the shareholders of the company is a shareholders meeting. This may be divided as follows:
- Statutory Meeting: Every public company should hold a meeting of the shareholders within 6 months but not earlier than one month from the commencement of the business.
- Annual General Meeting: Every year a meeting is held to transact the ordinary business of the company. It is called the annual general meeting.
- Extra-Ordinary General Meeting: If any meeting conducted in between two annual general meetings to deal with some urgent or special or extraordinary nature of business is called an extraordinary general meeting.
(2) Meeting of the Board of Directors: To decide policy matters of the company, the board of directors meets frequently, which is known as the meeting of the board of directors.
- Board Meetings: Meetings of the directors are called board meetings. It may be convened to discuss the business and take formal decisions.
- Committee Meetings: Every listed company and every other public company having a capital of? 10 crores are required to have an audit committee. The meeting held by this committee is known as committee meetings.
(3) Special Meeting:
- Class Meeting: Meetings held by a particular class of share or debenture holders is known as Special or Class meeting, e.g. preference shareholders or debenture holders meeting.
- Meetings of the Creditors: These are not meetings of a company. Meetings held with the creditors to discuss any crisis about the financial matters.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
For passing special resolution ______ Majority is required.
Match the pairs:
| Group A | Group B | ||
| a | Chairman | 1 | Proposal put before the meeting |
| b | Quorum | 2 | Casting vote |
| c | Motion | 3 | Amendment |
| d | Minutes | 4 | Minimum number of members required for a valid meeting |
| e | Notice | 5 | Voting |
| f | Proxy | 6 | Maximum number of members required for a valid meeting |
| 7 | Record of meeting | ||
| 8 | Accepted motion | ||
| 9 | Intimation stating agenda, day, date, time and place of meeting | ||
| 10 | Representative of member | ||
| 11 | Representative of a director | ||
| 12 | Formal motion | ||
Write a word or a term or a phrase which can substitute the following statement.
A resolution passed by simple majority.
Complete the sentence.
The advance intimation about the day, date, time, etc. of a meeting sent to the members is called as _________ .
Select the correct option from the bracket:
|
Group A |
Group B |
|
______ |
Special revolution |
Study the following case/situation and express your opinion
A General meeting of public limited company is to be held. State the provision of quorum for:
- Meeting of the company which has less than 1000 members
- Meeting of the company which has more than 5000 members
- Meeting of the company which has 2500 members.
Distinguish between the following: Motion and Resolution
Answer in brief.
State the importance of company meetings.
Match the pairs.
|
Group A |
Group B |
||
|
a |
Board meeting |
1 |
Once in the year |
|
b |
Auditor |
2 |
Minimum 4 meeting in a year |
|
c |
Annual general meeting |
3 |
Prepare at any time |
|
d |
Extraordinary general meeting |
4 |
Auditors Reports |
|
e |
Minutes of meeting |
5 |
Prepared before the meeting |
|
|
|
6 |
Prepared after the meeting |
|
|
|
7 |
Under special circumstances |
|
|
|
8 |
Prepared during the meeting |
|
|
|
9 |
Once in Six months |
|
|
|
10 |
Meeting of creditors |
Explain the following term/concept: Virtual Meeting
