![1. STATUTORY MEETING-
The initially meeting of the shareholders of an open organization is assembled as the statutory
conference. It must be called inside of six months from the date on which the organization is
qualified for start business; however it can't be held inside of one month from that date. It is so as a
result of the prerequisite of Section 165 of the Company Act.
2. Yearly GENERAL MEETING (AGM)-
It is a yearly meeting of collection of individuals. Each organization is required to assemble no less
than one conference of its shareholders every year. This meeting is known as yearly broad meeting.
Each organization whether open or private, having offer capital or not, constrained or boundless
must hold this meeting. The primary yearly broad meeting of an organization must be held inside of
eighteen months from the date of its fuse, and afterward no meeting will be fundamental for the
year of joining and the next year. Like for instance, if an organization is consolidated in January 1960,
its first yearly broad meeting ought to be held inside of eighteen months, i.e., up to June 1961 and
afterward no meeting will be fundamental either for 1960 or 1961. In this way, one yearly broad
meeting must be held each year. The crevice of one meeting and the following ought not to be over
fifteen months. The Act gives no procurement to the delay of the first AGM.[3]
On the off chance that an organization neglects to hold this meeting, two outcomes will take after.
Firstly, any part can apply to the CLB and recent will arrange the assembling of the conference. An
application can be made by any part under Section 167 of the Act. This implies an organization is not
able to conjure the procurements of Section 167 in light of the fact that an organization can't look
for headings against itself.[4] The CLB can give any subordinate or significant bearings which it
supposes convenient in connection to the assembling and leading of the conference. A meeting held
in compatibility of this request will be considered a yearly broad meeting of the company.[5] This
force has been vested solely in the CLB. The court can't practice it even under its intrinsic powers.[6]
Furthermore, the inability to assemble this conference either for the most part or in compatibility of
the request of the CLB is an offense culpable with fine.[7] The punishment is forced upon the
organization and in addition each officer "who is in default".](https://image.slidesharecdn.com/thedifferenttypesofmeetings-160527103742/85/The-different-types-of-meetings-2-320.jpg)
The different types of meetings
- 1. The different types of meetings There are different sorts of gatherings. They are: 1. Offer holders meeting a) Statutory gatherings b) Annual general meeting c) Extraordinary general meeting d) Class gatherings 2. Executive gatherings 3. Gatherings of advisory groups of the Board 4. Gatherings of Debenture holder 5. Gatherings of the leasers a) For the reason other than twisting up b) For twisting up 6) Meetings of contribution in winding up
- 2. 1. STATUTORY MEETING- The initially meeting of the shareholders of an open organization is assembled as the statutory conference. It must be called inside of six months from the date on which the organization is qualified for start business; however it can't be held inside of one month from that date. It is so as a result of the prerequisite of Section 165 of the Company Act. 2. Yearly GENERAL MEETING (AGM)- It is a yearly meeting of collection of individuals. Each organization is required to assemble no less than one conference of its shareholders every year. This meeting is known as yearly broad meeting. Each organization whether open or private, having offer capital or not, constrained or boundless must hold this meeting. The primary yearly broad meeting of an organization must be held inside of eighteen months from the date of its fuse, and afterward no meeting will be fundamental for the year of joining and the next year. Like for instance, if an organization is consolidated in January 1960, its first yearly broad meeting ought to be held inside of eighteen months, i.e., up to June 1961 and afterward no meeting will be fundamental either for 1960 or 1961. In this way, one yearly broad meeting must be held each year. The crevice of one meeting and the following ought not to be over fifteen months. The Act gives no procurement to the delay of the first AGM.[3] On the off chance that an organization neglects to hold this meeting, two outcomes will take after. Firstly, any part can apply to the CLB and recent will arrange the assembling of the conference. An application can be made by any part under Section 167 of the Act. This implies an organization is not able to conjure the procurements of Section 167 in light of the fact that an organization can't look for headings against itself.[4] The CLB can give any subordinate or significant bearings which it supposes convenient in connection to the assembling and leading of the conference. A meeting held in compatibility of this request will be considered a yearly broad meeting of the company.[5] This force has been vested solely in the CLB. The court can't practice it even under its intrinsic powers.[6] Furthermore, the inability to assemble this conference either for the most part or in compatibility of the request of the CLB is an offense culpable with fine.[7] The punishment is forced upon the organization and in addition each officer "who is in default".
- 3. The enlistment centre has been given the force, for any unique reason, to expand the ideal opportunity for holding an AGM for a time of just three months. In any case, the ideal opportunity for holding the first AGM of an organization is never extended