general-meetings

Annual General Meeting is a very important event for every company wherein Directors present company’s financial results of the past year, the performance of the company, company’s future prospects and business plan to the members of the company. The Board of Directors of the company act as an agent of the company and members being owners of the company, Board is answerable to them. Therefore Annual General Meeting is a very big event for every company....

The MCA vide General Circular 20/2020 dated 5th May 2020 allowed companies to hold their Annual General Meetings for the calendar year 2020 through Video Conferencing (VC) / any other Audio Visual Mode (OAVM). The circular provides procedures, to be followed (i) by companies to which e-voting is mandatory (Part-A) and (ii) by companies to which e-voting is not mandatory (Part-B) for conducting AGM through VC/OAVM, Here we will understand the procedure to be followed by companies which are not required to provide the facility of e-voting under the Act, for conducting their AGM for the calendar year 2020....

Background: As per the provisions of Section 101 (1) of the Companies Act, 2013, every general meeting of a company may be called by giving not less than twenty-one days clear notice in writing or through electronic mode in such manner as provided under Rule 18 of Companies (Management and Administration) Rules 2014. In the case of private limited companies, the period of notice can either be twenty-one days or such other period as may be provided in their Articles of Association....