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Question
Answer in brief
What is the purpose of conducting Extra ordinary General meeting?
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Solution
This meeting is convened whenever it becomes necessary to' take an immediate decision on some important issue affecting the business of the company which cannot be postponed till the next Annual General Meeting. The purpose of Extraordinary General Meeting:
- Alterations in the clauses of Memorandum of Association such as name clause, domicile clause or object clause.
- Alteration in Articles of Association.
- Removal of Director before the expiry of his term.
- Removal of auditor before expiry of his term.
- Voluntary winding-up of company.
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