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Question
Answer in brief.
State the importance of company meetings.
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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.
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Group A |
Group B |
||
|
a |
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1 |
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|
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|
c |
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3 |
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|
d |
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|
e |
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|
|
|
6 |
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|
|
|
7 |
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|
|
|
8 |
Prepared during the meeting |
|
|
|
9 |
Once in Six months |
|
|
|
10 |
Meeting of creditors |
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