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Question
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?
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Solution
- To remove the Director from his office, the shareholders of XYZ Ltd. cannot call the next Annual General Meeting immediately after 1st June 2018.
- The XYZ Ltd. Company should hold Extraordinary General Meeting to discuss removal of the Director for financial scam.
- Resolution requiring special notice (Section 115) is to be passed in the Extraordinary General Meeting for removal of the Director.
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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.
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.
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 3/4 majority
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
Complete the sentence.
The minimum number of members required to be present at a meeting is called as _____.
Complete the sentence.
A person who attends a general meeting and votes on behalf of a member 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 |
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
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?
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?
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.
