Question

Write short answers for the following:
State and explain in brief the different types of meetings of shareholders.

Answer 1

There are three types of shareholders' meetings:

1. The ordinary shareholders' meeting- In this shareholder meeting, 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. The extraordinary shareholders' meeting- In this shareholder meeting, 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.

3. The special shareholders' meeting- In this shareholders' meeting, special resolutions are passed regarding the shares and policies of the company.