Meetings Essay

633 Words Jun 16th, 2015 3 Pages
ANNUAL GENERAL MEETING
(AGM)
* Compulsory to every type of company under CA (Sec 143) at least once in every calendar year. * First AGM – 18 months of its incorporation * Subsequent AGM – 15 months after last preceding AGM * Extension to time may be granted by the Registrar of Companies – Sec143(2) * Matters to be discussed at AGM (Table A, 4th schedule) a) Declaration of final dividend b) Receive and consider audited accounts, director’s report and auditor’s report c) To elect director with the Articles d) To appoint auditors and fix their remuneration
ANNUAL GENERAL MEETING
(AGM)
* Compulsory to every type of company under CA (Sec 143) at least once in every calendar year. * First
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* Sec.142 – Must hold not less than one month and not ore than three months from business commencement date. * Purpose: To receive and consider the statutory reports of the company together with auditor’s report. * Content of Statutory Report – Sec143(1) (f) Total number of shared allotted (g) Total amount of cash received by company in respect of all shares allotted (h) Abstract of the receipts of the company within seven days of date of report (i) Names, addresses and descriptions of director, trustees, auditors, managers, and secretaries. (j) Particulars of the modification or proposed modification
EXTRAORDINARY GENERAL MEETING (EGM) * Convene at any time for any activity which requires attention before next AGM. * Directors – convening authority for EGM – Call the meeting either by themselves or by requisition of members. * Need shareholders’ approval to empower Directors to issue new share (Sec 132D)
EXTRAORDINARY GENERAL MEETING (EGM) * Convene at any time for any activity which requires attention before next AGM. * Directors – convening authority for EGM – Call the meeting either by themselves or by requisition of members. * Need shareholders’ approval to empower Directors to issue new share (Sec 132D)
GENERAL MEETING ON REQUISITION OF MEMBERS * Sec144 - Members hold not less than 1/10 of paid up capital of company OR * Company with no share capital, members must

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