The meeting which is held by a particular category of shareholders is called as ____________.
A
Class Meeting
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B
Specific Meeting
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C
Sporadic Meeting
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D
None of the above
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Solution
The correct option is A Class Meeting
Class meetings is defined as the meetings which are held by a particular class of shareholders for the purpose of effecting variations in the articles in respect to:
a. Their rights and privileges ,or
b. For conversion of one class to another
These variations should not be prohibited by the terms of issue of shares of that class.