Secretarial Practice · Class 11 Commerce
Ch 7Company Meetings – I — Class 11 Secretarial Practice, concept-first.
A joint stock company is an artificial legal person — it cannot think, decide or act on its own. Every decision a company takes, from approving its annual accounts to changing its name, is actually taken by the human beings behind it: its shareholders and its directors, acting collectively in a meeting.
Key concepts
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Meeting
A meeting, in company law, is a lawfully convened gathering of two or more persons, called by a person or body with proper authority, held on a previously fixed date at a fixed place for a previously notified agenda, at…
Most relevant Q&A
- What is meant by a 'meeting' in company law? State any four essentials of a valid meeting.Free
- Explain the essentials of a valid notice of a company meeting, along with the concept of 'shorter notice', under the Companies Act, 2013.Free
- Explain the different methods of voting at a company meeting recognised under the Companies Act, 2013.Preview
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
A joint stock company is an artificial legal person — it cannot think, decide or act on its own. Every decision a company takes, from approving its annual accounts to changing its name, is actually ta…
Meaning and Definition of a Meeting
In ordinary usage, a "meeting" simply means people coming together. In company law, however, the word carries a precise technical meaning, because only a properly constituted meeting can validly trans…
Essentials (Requisites) of a Valid Meeting
Not every gathering that calls itself a "meeting" produces legally valid decisions. For a company meeting to be valid — that is, for its resolutions to bind the company and its members — it must satis…
Classification of Company Meetings
Company meetings are not all of one kind — the Companies Act, 2013 recognises several distinct categories, each with its own purpose, participants and legal requirements.
Annual General Meeting (AGM) — Section 96
The Annual General Meeting is the single most important meeting of members in a company's calendar — it is the one occasion, held without fail every year, at which shareholders formally review the com…
Extraordinary General Meeting (EGM) — Section 100
Not every matter requiring a members' decision can wait for the next Annual General Meeting, which may be many months away.
Notice of Meeting — Section 101
A meeting cannot bind members who were never properly told it was going to be held. Notice is therefore the first procedural pillar of a valid meeting.
Quorum — Section 103
Even with proper notice, a meeting cannot be allowed to transact business if only a handful of members happen to turn up — the decisions taken would not genuinely represent the body of shareholders.
Proxy — Section 105
A member entitled to attend and vote at a company meeting may not always be able to attend in person — they may be travelling, unwell, or simply unable to be present on the date fixed.
Voting Methods and Resolutions
A meeting exists, ultimately, to arrive at a decision. That decision is expressed in the form of a resolution, and the resolution is arrived at through one of several recognised voting methods.
More questions
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- Q3What is meant by a 'meeting' in company law? State any four essentials of a valid meeting.Free
- Q4State the time limits within which a company must hold its first AGM and its subsequent AGMs under Section 96 of the Companies Act, 2013.Preview
- Q6State the circumstances under which the Board of Directors is bound to call an Extraordinary General Meeting on the requisition of members,…Preview
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- Q7Explain the essentials of a valid notice of a company meeting, along with the concept of 'shorter notice', under the Companies Act, 2013.Free
- Q8Explain the concept of a proxy under Section 105 of the Companies Act, 2013, along with the rules governing the appointment of a proxy.Preview
- Q9Explain the different methods of voting at a company meeting recognised under the Companies Act, 2013.Preview