Question

Explain the difference between Statutory Meeting and Annual General Meeting.

Answer 1

The difference between statutory general meeting and annual general meeting is:

Statutory meeting - according to company laws after getting the letter of commencement , the company arranges a meeting after one month of six months . This is the first general meeting of the company and during the life of the company this type of meeting is held once. The meeting gives circular before 21 days of the meeting. The decision of the meeting are called statutory decisions.

2. held in once in a lifetime of the company.

3 the notice of the statutory meeting should mention that it is a statutory meeting. .

4. private companies and government companies are not bound hold statutory meeting and public companies are bound to hold this meeting

Annual general meeting - after registration of the company , the company is bound to invite the first general meeting within eighteen months. Then the general meeting will be held every year. The differences of the two general meetings cannot be more than fifteen months . The decisions of the meting are called general decisions.

2. held every year of the company.

3. the notice should mention that there is an annual general meeting.

4. held by all type of companies (private, public and goverment companies)