Advertisements
Advertisements
Question
Answer in brief.
State the importance of company meetings.
Advertisements
Solution
- Opportunities for members to come together: Meetings provide common platform and an opportunity to the members who are scattered all over different areas to come together. Discuss the matters and working of the company and arrive at decisions.
- Minutes of the previous meeting: During the meeting Secretary has to read the notice. The agenda of the meeting and minutes of the last meeting held. After reading the minutes, he has to get them confirmed and signed by the Chairman. This enables the members to get clear ideas about the matters discussed in the previous meeting.
- Fixation and implementation of policies: Plans and programmes 2 Management determines the policies, plans and programmes in the Board Meetings. It also decides ways and means of implementation of policies, plans and programmes in the meetings of the Board and conveys them to members for their approval in the General Meetings of the company.
- Analysis of problems: Meetings are essential to discuss the nature of problems faced by the origanisation and to find solutions.
- Legal requirements: Meetings are necessary to comply with statutory (legal) requirements as per the provisions made in the Companies Act. Legal formalities in relation to convening and conducting various meetings of the company are completed by organising and conducting the meetings.
- Business : Meetings are essential to declare dividend, to appoint auditors, to elect directors, to study and give approval to annual report, auditors’ report, statements of accounts and to review the progress made by the company.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
For passing special resolution ______ Majority is required.
Select the correct answer from the options given below and rewrite the statement.
For alterations in the Articles of Associations ______ is required.
Select the correct answer from the options given below and rewrite the statement.
Provisions about resolutions are contained in ______ of a company.
Select the correct answer from the options given below and rewrite the statement.
When a poll is demanded it must be taken within ______ Hours.
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.
Write a word or a term or a phrase which can substitute the following statement.
A company officer who is required to draft the minutes of the meeting.
Write a word or a term or a phrase which can substitute the following statement.
A person who conducts the proceedings of the meeting.
State whether the following statement is True or False.
Chairman has right to conduct the meeting.
Find the odd one
Complete the sentence.
The advance intimation about the day, date, time, etc. of a meeting sent to the members is called as _________ .
Complete the sentence.
A formal and final decision taken in a meeting is called as ______.
Select the correct option from the bracket:
|
Group A |
Group B |
|
Voting by poll |
______ |
Select the correct option from the bracket:
|
Group A |
Group B |
|
Substantive |
______ |
Select the correct option from the bracket:
|
Group A |
Group B |
|
______ |
Chairman |
Study the following case/situation and express your opinion:
XYZ Ltd co. sent notice of its Annual General meeting to its members. In the meeting a resolution is to be passed on altering the Articles of Association.
- Should agenda also be sent with Notice?
- What type of resolution is needed to alter the Articles?
- Should the resolution for altering articles be filed with registrar of companies?
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.
Study the following case/situation and express your opinion
Mr. P is elected as Chairman of General Meeting. Please advise him on the following matters:
- What should be done if the votes cast in favour and against the motion are equal?
- How many votes can a member cast under poll method?
- What should Mr. P do if any point of order is raised by a member?
Select the correct answer from the options given below and rewrite the statement.
The secretary has to prepare _________ before the meeting.
Select the correct answer from the options given below and rewrite the statement.
General Meeting must have a notice of at least ______ clear days.
The gap between two annual general meetings should not be more than ______ months.
Explain the following term/concept: Committee Meeting
Study the following case/situation and express your opinion.
XYZ Ltd held its Annual General Meeting on 11th May 2018. On 1st June Mr. X, a Director of the company was arrested for a financial scam. Hence the shareholders of the company want to remove him.
- Can the company call for the next Annual General Meeting to be held immediately to remove the Director?
- Which meeting of members should the company hold to discuss removal of the Director?
- What type of resolution will be passed in this meeting for removal of the Director?
Distinguish between the following
Shareholders’ Meeting and Board Meeting
Distinguish between the following
Annual General Meeting and Extra ordinary General Meeting.
Explain the different types of General Meetings of company.
What is meant by Meeting?
Briefly state different types of company meetings.
