Skip to content
← Commercial Correspondence and Secretarial Practice

Commercial Correspondence and Secretarial Practice · Class 12 Commerce

Ch 6The Meetings of the Company — Class 12 Commercial Correspondence and Secretarial Practice, concept-first.

A company is an artificial legal person created by law. It has no mind or hands of its own, so every decision it takes — big or small — must actually be taken by the natural persons connected with it: its shareholders (the owners) and its directors (the managers).

43

Q&A

6

Concepts

Not available

Exam weightage

Start learning — read this chapter →

Key concepts

Hover a concept to preview it and jump to its most relevant Q&A.

Meaning, Importance and Essentials of a Valid Company Meeting

A company meeting is a formal gathering of persons connected with a company — its shareholders, its directors, or a particular class among them — called on proper notice to transact and decide some definite item of busin…

Most relevant Q&A

Start with this concept →

Chapter contents

The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.

1

Meaning and Importance of Company Meetings

A company is an artificial legal person created by law. It has no mind or hands of its own, so every decision it takes — big or small — must actually be taken by the natural persons connected with it:…

2

Essentials of a Valid Meeting

A meeting that fails to follow the law's basic requirements can be held invalid, and any resolution passed at it can be struck down.

3

Types of Shareholders' (General) Meetings

General meetings are meetings of the members (shareholders) of a company. The Companies Act, 2013 recognises two kinds of general meetings for an ongoing company — the Annual General Meeting and the E…

4

Annual General Meeting, Extraordinary General Meeting and Board Meetings

Annual General Meeting (AGM) — Section 96

5

Quorum for Company Meetings

Quorum is the minimum number of members who must be personally present at a meeting before any business can be validly transacted.

6

Resolutions — Ordinary, Special and Special Notice

The formal decision of a meeting is expressed as a resolution. The Companies Act, 2013 classifies resolutions passed at general meetings into two main kinds under Section 114, and separately recognise…

7

Proxy — Section 105

A member who is entitled to attend and vote at a meeting but cannot personally be present may still have his vote counted by appointing a proxy — another person who attends the meeting and votes in hi…

8

Minutes of Meetings — Section 118

Minutes are the official written record of the proceedings of a meeting — a fair and correct summary of the business transacted, the resolutions passed, and (where relevant) the names of directors pre…

Exercises

+Show 14 questions14 questions
  1. Q1What is meant by a company meeting? Explain its importance.Free
  2. Q2State the essential requisites (essentials) of a valid company meeting.Free
  3. Q3What was a Statutory Meeting? Is it still required to be held under the Companies Act, 2013?Free
  4. Q4Explain the provisions of Section 96 of the Companies Act, 2013 relating to the Annual General Meeting.Preview
  5. Q5What is the ordinary business transacted at an Annual General Meeting?Preview
  6. Q6Can the statutory time-limit for holding an AGM be extended? Explain.Preview
  7. Q7What is an Extraordinary General Meeting? How is it called under the Companies Act, 2013?Preview
  8. Q8Explain the statutory provisions regarding Board meetings under Section 173 of the Companies Act, 2013.Preview
  9. Q9Write a short note on class meetings and creditors' meetings.Preview
  10. Q10What do you mean by quorum? State the quorum requirements for a general meeting of a public company under the Companies Act, 2013.Preview
  11. Q11Who is a proxy? State the legal provisions relating to proxies under Section 105 of the Companies Act, 2013.Preview
  12. Q12Distinguish between an ordinary resolution and a special resolution.Preview
  13. Q13What is meant by a 'resolution requiring special notice'? Give examples.Preview
  14. Q14What are minutes of a meeting? State the legal requirements regarding their preparation under Section 118 of the Companies Act, 2013.Preview

Sample & Board Papers

Sample papers and previous-year board questions for this subject.

+Show 29 questions29 questions
  1. Q1How many main forms of E-communication are taken into consideration? (a) 6 (b) 5 (c) 4 (d) 3Preview
  2. Q2Which of the following type is not included from the point of view of medium of expression in presentation? (a) Oral (b) Written (c) Listeni…Preview
  3. Q3The person who is selected by the members to conduct the meeting is known as ______ . (a) chairman (b) KMP (c) secretary (d) directorPreview
  4. Q4The member appointed by other person to be present and vote in the meeting on his behalf is known as ______ . (a) proxy (b) chairman (c) sec…Preview
  5. Q5Which meeting is mandatory to be called as per the companies Act? (a) Annual General Meeting (b) Statutory Meeting (c) Extraordinary Meeting…Preview
  6. Q6What is the meaning of the letter 'E' used in E-communication?Preview
  7. Q7Who should be at the centre of presentation?Preview
  8. Q8Who is known as Chairman?Preview
  9. Q9Write the functions of circular.Preview
  10. Q10What are the objectives of the Minutes Book?Preview
  11. Q11Explain the duties of the Chairman.Preview
  12. Q12What are the points to be considered while writing an E-mail?Preview
  13. Q13What is Ordinary Resolution? Mention its objectives.Preview
  14. Q14Prepare a committee report for celebrating 73rd Republic Day of our Country.Preview
  15. Q15The issues that are put forward for discussions in the meeting of a company are known as ____. (a) (A) Resolution (b) (B) Proposal (c) (C) N…Preview
  16. Q16How many votes are essential for passing an ordinary resolution? (a) (A) 75% (b) (B) 51% (c) (C) 65% (d) (D) 40%Preview
  17. Q17What is a Minutes book?Preview
  18. Q18How is the notice of the meeting served?Preview
  19. Q19Explain statutory meeting and report of company.Preview
  20. Q20Discuss the duties of company secretary regarding notice of meetings.Preview
  21. Q21Write a short note on Proxy.Preview
  22. Q22The member appointed by other person to be present and vote in the meeting on his behalf is known as _____. (a) (A) proxy (b) (B) chairman (…Preview
  23. Q23There should be a gap of _____ months between two Annual General Meetings. (a) (A) 15 months (b) (B) 12 months (c) (C) 18 months (d) (D) 24…Preview
  24. Q24Who is known as chairman?Preview
  25. Q25Why is an investigation committee appointed?Preview
  26. Q26Explain the difference between Notice and Circular (Any Two points).Preview
  27. Q27Who are given notice?Preview
  28. Q28State the various types of company's meeting.Preview
  29. Q29Discuss the qualifications of a chairman.Preview