Question

Write note on Class Meetings.

Answer 1

Class meetings are meetings which are held by the holders of a particular class of shareholders e.g preference shareholders. Such meetings are normally called when it is proposed to vary the rights of that particular class of shares. At such meetings these members discuss the pros and cons of the proposal and vote accordingly. Class meetings are held to pass resolutions which will bind only the members of the class concerned and only members of that class can attend and vote.