There are two types of meetings in the company.
Annual General Meeting:
It is an annual meeting to be held compulsory. Several ordinary and special resolution is passed on this meeting. Audited financial statements are being considered and dividend will be declared for shareholders.
Extraordinary General Meeting:
If any issue arises in the company that requires the participation of entire shareholders and company can’t wait till next AGM, then Extraordinary General Meeting will be held. The purpose of the meeting should be communicated in advance.
Annual General Meeting | Extraordinary General Meeting |
Must be held once every calendar year. | No set timetable held on an ‘as required’ basis. |
Legally required | No legal obligation to have any. |
Separate resolutions for each issues. | Separate resolutions for each issue. |
Not less than 12 days’ notice required. | Not less than 14 days’ notice required. |
First must be held no more than 18 months after date of incorporation, and thereafter no more than 15 months between meetings. | All shareholders must be notified and entitled to attend.
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All shareholders must be notified and entitled to attend. | Agenda dictated by need for meeting. |
Annual accounts and appointments of auditors (if appropriate) approved at this meeting. |
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