Advertisements
Advertisements
Question
Explain the following term/concept: Committee Meeting
Advertisements
Solution
Meaning: In a Joint Stock Company the usual committees are formed from among the members of the Board of Directors. A meeting of the members of such committee is called committee meeting e.g. a meeting allotment committee.
Legal Provisions: The Articles of Association of the company provide for the appointment of different committees and holding their meetings to expedite the managerial work. Such committee is formulated to investigate and submit a report after a careful examination of various aspects of the problem under investigation from all possible angles. The rules and procedure for convening and conducting committee meeting are generally laid down by the Board.
Assistance: The Secretary has to provide needed assistance to the committee. He is required to prepare and maintain separate minute’s book to record the proceedings of committee meetings.
Frequency: The committee collects the relevant information of the problem under consideration and holds several meetings for a detailed study of the collected information. The committee then prepares a report for consideration and approval of the Board. To carry out the assigned work systematically, to discuss the problems and to exchange views, the committee members frequently arrange the committee meetings.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
The appointment of an auditor requires ______.
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.
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 person who conducts the proceedings of the meeting.
State whether the following statement is True or False.
Meetings are held only to review the progress of the company.
State whether the following statement is True or False.
Chairman has right to conduct the meeting.
Find the odd one
Find the odd one
The authority who can convene the general meeting of shareholders is ______.
Complete the sentence.
The minimum number of members required to be present at 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 |
|
______ |
Special revolution |
Arrange in proper order:
- Motion
- Resolution
- Voting
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.
Distinguish between the following: Agenda and Minutes
Distinguish between the following: Motion and Resolution
Distinguish between the following: Voting by show of hands and Voting by poll.
Answer in brief.
State the importance of company meetings.
Select the correct answer from the options given below and rewrite the statement.
The secretary has to prepare _________ before the meeting.
The gap between two annual general meetings should not be more than ______ months.
Explain the following term/concept: Virtual Meeting
Study the following case/situation and express your opinion.
Platinum Limited Company was incorporated on 1st Jan.2018. Advice the Board of Directors on the following matters.
- Within what period should the company hold its 1st Annual General Meeting?
- At which place should the Annual General Meeting be held.
- How many days in advance should the notice and agenda be sent to members?
Explain the different types of General Meetings of company.
What is meant by Meeting?
Briefly state different types of company meetings.
