Professional Documents
Culture Documents
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Provided under Section 96 of the companies act “Annual General Meeting” every
company other than a One person company shall each year hold a general meeting as
annual general meeting
With respect to first AGM, it should be held within 9 months of the financial year.
For a general meeting not less than a clear notice of 21 days either in writing or
through electronic mode should be given
the quorum of the company in case of public company should be five While in the
case of a private company only 2 members
Board meeting Under Section 173 of the Act, this provision of the board meeting is
applicable to all types of companies including one person company.it should be held
within 30 day with a minimum notice of not less than seven days and The quorum for
the board meeting is 1/3rd of the total strength of the board of director or two,
whichever is highest.
Audit committee has formation, rights and liabilities have been provided under
section 177 of the Act. It consists of a minimum of three directors along with
independent directors forming a majority