Types of Meetings:-
2. Class Meetings: meeting of Debenture holders, preference holders, etc
3. Board Meetings(Sec285)
Requisites of a Valid Meeting:
c. Central Government
2. A Proper Notice must be served to all.
3. A Quorum must be present:
a. Public company 5 members
b. Other Company: 2 members
4. A Chairman must preside
5. Minutes of the proceedings of the meeting should be kept.
Notice: Not less than 21 days in writing notice must be given to all members.
When sent by post its deemed to be served after 48 hours of posting. Therefore, it must be dispatched 25 days before the date of meeting.
Shorter Notice: Only in the Following cases;
Contents of Notice:
a. Ordinary Business: Accounts, Balance sheet and report of BOD and Auditors. Declaration of Dividend, Appointment of Directors, Appointment and fixing the remuneration of Auditors..
b. Special Business.
Chairman of the Meeting: Normally the Chairman of the Board will preside every meeting of the company. Otherwise one of the BOD director will, otherwise any member present duly elected.
Powers of the Chairman:
Duties of the Chairman: