Distinguish:
Annual General Meeting and Extra Ordinary General Meeting.

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Solution

Basis Annual General Meeting Extraordinary General Meeting
Meaning It is a meeting which is held by the company every year to discuss various business matters It is any meeting other than the AGM in which business relating to company's management are transacted.
Business must be held within 9 months of the end of the financial year. No such requirement .
Day and time Ordinary business and special business is transacted Special business only.
Penalty It can be held on any day excluding national holidays, in business hours only. It can be held on any day including national holidays and any time during a day.
Convened by When meeting is not summoned within the stipulated time , penalty is levied. No penalty prescribed as per law.

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