MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
Meetings PowerPoint Presentation Content slides include topics such as: why meetings are unproductive, 7 group roles and behaviors, effective meeting notes, 6 guidelines for effective meetings, information sharing/gathering, recognizing resistance to accepting change, phases of change transition, problem solving meetings, decision making, before the meeting, agenda and goals, during the meeting, running effective meetings, after the meeting, common scheduling problems, scheduling hints, taking minutes, how to's and much more.
Meetings PowerPoint PPT Content Modern SampleAndrew Schwartz
134 slides include: why meetings are unproductive, conducting a productive meeting, group roles and behaviors, effective meeting notes, guidelines for effective meetings, information sharing/gathering, recognizing resistance to accepting change, phases of change transition, problem solving meetings, decision making meetings, slides on before the meeting, agenda and goals, during the meeting, after the meeting, common scheduling problems, scheduling hints, taking minutes, how to's and much more.
I come from long line of professional meeting goers. My parents were in a gazillion clubs, committees and organizations.
I've attended countless dreadful meetings, and was motivated to put together this simple presentation.
Our meeting culture is clearly out of control, so anything that can help has to be good!
This PPT presentation will allow any used to effectively conduct successful and effective meetings while capturing inputs from all stakeholders to ensure actionable items are communicated and completed.
Types of company meeting
Share holders meeting
Statutory meeting
Annual general meeting
Extra ordinary general meeting
Committee meeting
Special meeting
Class meeting
Creditors meeting
MCQ
Kinds of Company Meetings and Procedure- Corporate lawSparshAgarwal39
The PPT contains all the relevant information regarding the topic "Kinds of Company Meetings and Procedure" under the subject of Company/Corporate Law.
I hope this PPT will help you :)
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2. MEETING
A meeting is a gathering of two or more people that
has been convened for the purpose of achieving a
common goal through verbal interaction, such as
sharing information or reaching agreement.
3. TYPES OF MEETING
Shareholders meeting
i) Statutory meeting
II) Annual general meeting
III) Extra-ordinary general meeting
Directors meeting
I) Board meeting
II) Committee meeting
7. STATUTORY MEETING
DEFINITION:
Statutory meeting is the first meeting of the members of a public company.
It is held once in the life of a public company that limited by shares.
Statutory means legal, so this meeting is totally based on law.
Must be certified by at least two directors.
OCCASION:
This meeting must be held not less than 1 month but before 3 months of obtaining the
certificate of commencement of business.
8. CONT’D
NOTICE OF MEETING:
The directors will send a notice of the meeting to all the
members of the company at least 21 days before the meeting.
And also send a copy of statutory report to the shareholders
9. THE PURPOSE OF STATUTORY MEETING
To win confidence
To provide latest information's
To discuss future plans
To discuss statutory report ; total numbers of shares
issued , total receipts and total payments , cash received
against shares allocated , details of the shares allocated.
10. ANNUAL GENERAL MEETING
DEFINITION:
Every public company will hold Annual General Meeting of its members every year.
This meeting is to be call and held by the directors of the company.
Mandatory for every type of company or for that matter.
OCCASION:
The first annual general meeting must be held within 18 months from the date of its
incorporation.
The next meeting must be held once in every calendar within 4 months after closing
its financial year.
11. PURPOSE OF ANNUAL GENERAL MEETING
• To receive and consider the Director’s and Auditors’ reports.
• The Directors’ report and the Auditor’s report.
• To sanction or declaration of the dividend (if any) recommended by the directors.
• To appoint, or re-appoint, the directors.
• To appoint, or re-appoint, the auditors and fix their remuneration.
12. EXTRAORDINARY GENERAL MEETING
DEFINITION:
All general meetings other than annual general meeting and statutory meeting are
known as Extra-Ordinary General Meetings.
This meeting is held on the special occasions or it can say in the emergency
situations when directors think that is necessary. For example; at the plan of merger.
OCCASION:
This meeting is held on the special occasion and in the emergency situation.
NOTICE OF THE METING:
The directors will send a notice of the meeting to all the members of the company at
least 21 days before the meeting.
13. DIRECTOR’S MEETING
DEFINITION:
A Board of Directors generally must conduct a Board Meeting to make company’s
decisions, frame the general policy of the company, directs its affairs, appoints the
company officers, and ensure that they carry out their duties and recommend to the
shareholders regarding distribution of dividend.
Not provided in the act.
Usually – director may at any time summon a meeting of the directors.
Board of Directors will hold the responsibility for the overall success and failure of
the corporation.
14. TYPES OF MEETING
i. Special Meeting : A special meeting is one called by a majority of the
director for a particular purpose.
ii. Scheduled Meeting: A scheduled meeting is generally set forth in the
corporation’s Bylaws or Articles of Incorporation.
15. SPECIAL MEETING
For any special situation, when the meeting is arranged by the company, it is
called special meeting. The types of the special meetings are as follows
Class-meeting
Creditors meeting
16. Class-meeting
The Company has different kinds of shares. When the meeting is arranged
by any one kind of shareholders it is called class meeting.
Creditors meeting
The directors or their appointed lower can invite this type of meeting.
Moreover this type of meeting may be arranged by the order of the court. If
necessary to reconstruct or to dissolve or to any amalgamate the company to
preserve the rights of the creditor this type of meeting is invited by their
proper authoritative person.
The creditors who will be present in the meeting or the presence of three-
fourth credit holders of the total credit can take the decision and the court
will give the instruction on the basis of this decision and the creditors are
bounded to abide by the decision.
18. VENUE:
Under Section 145 A of Companies Act
Anywhere in Malaysia
Not necessary at registered office
More that one venue
Can use technologies ( Skype, Power Point Presentation )
AGENDA:
Unless the articles of a company provided, agenda is not required by law to be
given to every director.
i. Adoption of Minutes of previous AGM or EGM;
ii. Annual Report of Board;
iii. Audited accounts;
iv. Reappointment of retiring Auditors;
v. Election of Directors;
vi. Consider & decide resolutions for which due notice has been given.
19. QUORUM:
Fixed by the directors.
Minimum number of members who must be present at the meeting to constitute a
valid meeting.
Can increase the number of members through Article of Association.
75% members can attend the meeting.
PROXY:
A proxy is a person nominated by the member to attend the meeting and to exercise
the member’s vote on their behalf.
A proxy is also entitled to speak at a meeting on behalf of the member.
The person nominated by proxy does not have to be a member of the company
20. MINUTES OF MEETING
Minutes are a record of what the company and directors do in meetings. The book in
which the record of the proceedings of a meeting is kept is known as the minute book.
Separate minute books are required to be kept.
Each page of the minute book which records proceedings of a Board meeting shall be
initialed or signed by the chairman of the same meeting or the next succeeding
meeting.