Distinguish:
Statutory Meeting and Extra Ordinary General Meeting.
Statutory Meeting and Extra Ordinary General Meeting.
statutory meeting
1. The statutory shareholders' meeting is the shareholder meeting where decisions related to
ordinary and regular activities of a company is taken. For example- approval of
financial statements , appointment of director, the statutory auditors etc.
2. held once in the lifetime of the company .
3. private and government companies are not bond to conduct of meeting , public are bonded to conduct meeting.
extra ordinary meeting
The extraordinary shareholders' meeting is shareholder meeting where decisions related to extraordinary and irregular
activities of a company is taken. For example- changes to the
memorandum of association, the issuance of bonds, and the appointment and
powers of liquidators etc.
2. held in the case of emergency decision to be taken and period for the annual general meeting is too long.
3. every company in case of emergency has to hold this meeting to take shareholders approval
statutory meeting
1. The statutory shareholders' meeting is the shareholder meeting where decisions related to ordinary and regular activities of a company is taken. For example- approval of financial statements , appointment of director, the statutory auditors etc.
2. held once in the lifetime of the company .
3. private and government companies are not bond to conduct of meeting , public are bonded to conduct meeting.
extra ordinary meeting
The extraordinary shareholders' meeting is shareholder meeting where decisions related to extraordinary and irregular
activities of a company is taken. For example- changes to the
memorandum of association, the issuance of bonds, and the appointment and
powers of liquidators etc.
2. held in the case of emergency decision to be taken and period for the annual general meeting is too long.
3. every company in case of emergency has to hold this meeting to take shareholders approval
