company meeting and its major types .pptx

company meeting types

1. What is a Meeting…? A meeting is a gathering of two or more people that has been convened for the purpose of achieving a common goal through verbal interaction, such as sharing information or reaching agreement

2. Company Meeting

3. Types of meeting

4. Meeting of Directors Board meetings which may be attended by all the directors; and  meetings of committee of directors in which selected directors participate to decide for specific tasks assigned to those committees. The committees of directors may include audit committee, human resource and remuneration committee, nomination committee and risk management committee.

5. Meeting of Members The meetings of members include general meetings (statutory meeting, annual general meeting & extra ordinary general meeting) in which all members are entitled to attend and class meetings which only the members of specific class may attend.

6. Meeting of Members Statutory meeting Annual general meeting Extra-ordinary general meeting.

7. Statutory meeting Every public company having a share capital shall hold a general meeting of the members of the company, to be called the “statutory meeting”. In case first annual general meeting of a company is decided to be held earlier, no statutory meeting shall be required. The statutory meeting shall be held within earlier of: 180 days from commencement of business; or 9 months from the date of its incorporation.

8. Annual general meeting Every company (other than single member company) shall hold an AGM within 16 months from the date of its incorporation and thereafter once in every calendar year within a period of 120 days following the close of its financial year.

9. Extra-ordinary general meeting All general meetings of a company, other than the AGM and the statutory meeting, shall be called extra-ordinary general meetings.

10. Resolution and its types Ordinary resolution Special resolution

11. Ordinary resolution Appointing a director Removing a director Appointing or removing a company secretary Granting additional powers to directors Approving directors’ loans Making changes to a director’s contract Authorising shareholders’ dividend payments Increasing authorised share capital Authorising the company to purchase its own shares

12. Special resolution Amending the articles of association Making changes to the shareholders’ agreement Changing the company name Disapplying shareholders’ pre-emption rights Altering the objectives of the business Allotting new shares Reducing the company’s share capital Approving share transfers Appointing a chairperson of the board Changing a private limited company to a public limited company (PLC), or vice versa Authorising compensation for directors Winding up the company by members’ voluntary liquidation