Meetings

Made by-
RATI GUPTA
RAHUL KATHURIA
 MEANING OF A COMPANY MEETING

When two or more than two persons get

together at one place to discuss any common
issue, it is called Meeting.
Meetings of the shareholders or of the
directors or the debenture holder or of the
contributories, are called Meeting of a
company.
 TYPES OF COMPANY MEETINGS

MEETINGS OF MEETINGS OF MEETINGS OF MEETINGS OF

SHAREHOLDERS DIRECTORS DEBENTUREHOLDE CREDITORS
R
1. Meeting of 1. Meeting at
1. Statutory
Board of any time
Meeting
directors other than
2. Annual
2. Meeting of winding up.
General
Directors 2. Meeting at
Meeting
committee the time of
winding up.
 1) MEETINGS OF SHAREHOLDERS

• Meetings of shareholder are called General

Meetings. Such meetings are the most
important meetings in the life of a company
because the shareholders are the real owners
of the company but the company is not
managed by them. The company is managed
by their elected representative called Directors.
 TYPES OF SHAREHOLDERS MEETING

A. STATUTORY MEETING -:
It is the first official general meeting of the
shareholders of a company. It is called only for one
time in the life of a company. It must be held within
a period of not less than one month and not more
than six months from the date at which the company
becomes entitled to commence business. If the
company does not call its statutory meeting within a
period of six months from the date of certificate of
commencement of business ,the court may order for
the compulsory winding up of the company.
 B. ANNUAL GENERAL MEETING -:

Annual general meeting is the most important

meeting of the members of the company, held every
year. According to the provisions of Indian Companies
Act, every company must call a general meeting as its
annual general meeting every year. The first annual
general meeting of a company must be held within 18
months from the date of its incorporation. Subsequent
annual general meeting must be held every year. It
should be held with the purpose of reviewing and
evaluating the over all progress of the company. The
annual accounts ,the balance sheet and the reports of
 C. EXTRAORDINARY GENERAL
MEETING-:
• All general meetings other than statutory
meetings and annual general meetings, are
called Extraordinary General Meeting.

• These meetings may be held by the company at

any time. Generally, an Extraordinary General
Meeting is called to discuss the matter of
business transaction which cannot be
postponed till the next annual general meeting.
 D. CLASS MEETING

• When a meeting is called of a particular group

of shareholders, is called CLASS MEETING.

• A Class meeting is called to discuss some

special issues, concern to the shareholders of
who the meeting is called, such as , Meeting
called to change the rights of shareholders of
a particular class.
 2 )MEETING OF DIRCETORS

Directors are the elected representatives of the

shareholders of a company. They are the
persons, authorized, liable and responsible for
the management, administration and control
of the company. They carry on the
management of the company in accordance
with the provisions of Indian Companies Act,
memorandum and articles of association of
the company.
 TYPES OF MEETING OF DIRECTORS-:

• Meeting of board of Directors

• Meetings of the committee of Directors

3) Meetings of Debenture holders-:
• The company may call the meeting of its
debenture holders to get their approval for
making any change in their terms and
conditions.
 4 )MEETING OF CREDITOR

• A Company may call the meeting of its

Creditors in the following circumstances- :

• - Meeting at any time, other than winding-

up

• - Meeting at the time of winding –up