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COMPANY MEETINGS - Coggle Diagram
COMPANY MEETINGS
Notice of Meetings
A meeting of members of a private company, other than a meeting for the passing of a special resolution
shall be called by notice of at least fourteen days or any longer period specified in its constitution
A meeting of members of a public company, other than a meeting for the passing of a special resolution
shall be called by notice in the case of AGM, at least twenty-one days or any longer period specified in its constitution
in any other case, at least fourteen days or any longer period specified in its constitution
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Contents
The place, date and time of the meeting
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Annual General Meeting
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Held within six months of the company's financial year end, and not more than fifteen months after the last preceding annual general meeting
It is a compulsory company meeting to be held once a year to keep the shareholders updated about the performance of the company and elect its directors for the forthcoming year
Members can exercise their statutory right to vote on the election of directors, appointment of auditors, issue of additional shares, and payment of dividend and so on
Members of the company will meet the directors or their representative and have opportunity to question on the company’s accounts, the directors’ report, company position and prospects
Statutory Meeting
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It is the first meeting held in a public company with share capital after the commencement of its business.
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To keep the shareholders informed about the matters concerning incorporation, share allotments, contracts and prospective ventures of the company, and so on.
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Voting
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Unless prevented by the articles, a member has a perfect right to exercise his voting power.
Two or more members may enter into a lawful agreement in exercising any voting rights. Such an agreement has been referred to as a "pooling agreement".
Definition
Judicially
Sharp v Dewes, that case held, "the word ‘meeting’ means a coming together of more than one person"
Generally
Interchange between two or more persons, or requires a plurality of persons
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