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.
A ______ is the proposal put before the meeting for discussion and decision.
______ resolutions are not passed in general meeting.
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.
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 resolution passed by 3/4 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.
Meetings are held only to review the progress of the company.
Find the odd one
Find the odd one
The authority who can convene the general meeting of shareholders is ______.
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.
The minimum number of members required to be present at a meeting is called as _____.
Complete the sentence.
A proposal put before a meeting for consideration and adoption 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 |
|
Substantive |
______ |
Select the correct option from the bracket:
|
Group A |
Group B |
|
______ |
Chairman |
Arrange in proper order:
- Drafting Minutes
- Sending notice
- Confirming quorum
Arrange in proper order:
- Motion
- Resolution
- Voting
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.
Select the correct answer from the options given below and rewrite the statement.
General Meeting must have a notice of at least ______ clear days.
Explain the following term/concept: Virtual 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.
What is meant by Meeting?
Briefly state different types of company meetings.
