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Question 42 of 43

Q.State the various types of company's meeting.

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2026Subjective· 3mImportance★★★★★
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The main types of company meetings are shareholders' meetings (AGM, EGM, class meetings), directors'/Board meetings (and committee meetings), and creditors'/debenture holders' meetings.

1. Meetings of shareholders (members):

  • Annual General Meeting (AGM): held once every year to transact ordinary business (accounts, dividend, appointment of directors and auditors).
  • Extraordinary General Meeting (EGM): held to deal with urgent special business that cannot wait for the AGM.
  • Class meetings: meetings of a particular class of shareholders (e.g. preference shareholders) to decide matters affecting that class.

2. Meetings of directors:

  • Board meetings: meetings of the Board of Directors to manage and take decisions.
  • Committee meetings: meetings of committees of the Board (audit committee, etc.). …

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