Meetings of Members

These are meetings where the members / shareholders of the company meet and discuss various matters.

Types of meetings
Statutory Meeting : A statutory meeting is held only once in the lifetime of the company. Such a meeting must be held within a period of not less than 1 month and not more than 6 months from the date on which the company is entitled to commence business

Annual general meeting

Meeting of the shareholders which is held every year.
Held at the registered office To enable the shareholders to know the annual

working of the company and its future prospectus Conducted by board of directors

C. Extraordinary General Meeting: Matters which cannot be postponed to the next annual general meeting are discussed. Meeting of shareholders are held

Board meetings
The meeting of Directors
To discuss and decide questions of policy and to review

the affairs and progress of the company Held once in 3 months

Resolutions
Decisions taken at the meeting.

Kinds of resolutions
1. Ordinary Resolution : An ordinary resolution is one which can be passed by a simple majority. I.e. if the votes at a general meeting cast by members entitled to vote in its favour are more than votes cast against it.

2. Special Resolution : A special resolution is one in regard to which is passed by a 75 % majority only i.e. the number of votes cast in favor of the resolution is at least three times the number of votes cast against it.