Differences Between Statutory Meeting, Agm and Egm

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  • Topic: Audit, The Capital, Director
  • Pages : 4 (817 words )
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  • Published : March 25, 2011
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| |STATUTORY MEETING |ANNUAL GENERAL MEETING |EXTRAORDINARY GENERAL MEETING | | | |(AGM) |(EGM) | |What |Section 142 (1) |Section 143 |Is a GM other than statutory and AGM. Any | | |A public company (limited company and has a |Requires all companies to hold AGM at least |director may whenever he thinks fit convene EGM. | | |share capital) must holds its 1st meeting |once in every calendar year and not more than | | | |between 1-3 months after it commencing |15 months after the last AGM. | | | |business. | | | |When |Held the meeting between 1-3 months after it |To be held once in every calendar year and not |It will be held when the Director he thinks fit | | |commencing business. |more than 15 months after the last AGM. |convene. | | | | |S 144(1) enables members to requisition in | | | | |waiting for the convening at an EGM in the | | | |...
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