Page 313 - DMGT407Corporate and Business Laws

Corporate and Business Laws Ma Profession University

Notes Unit 13: Meeting of Directors and Shareholders

CONTENTS
Objectives
Introduction

13.1 Statutory Meeting (S.165)
13.2 Annual General Meeting (AGM) (Ss. 166-168)
13.2.1 Certain Typical Issues in Respect of AGM

13.3 Extraordinary Meeting (EGM) (S.169)
13.4 Matters Relating to General Meetings
13.4.1 Quorum for Meeting
13.4.2 Voting (Ascertaining the Sense of the House)
13.5 Motions, Resolutions and Amendments

13.5.1 Ordinary Resolution (s.189(1))
13.5.2 Special Resolution (s.189 (2))
13.5.3 Resolution requiring Special Notice (s.190)

13.5.4 Passing of Resolutions by Postal Ballot (s. 192A)
13.5.5 Circulation of Members’ Resolution (s.188)
13.5.6 Point of Order
13.5.7 Minutes of Proceedings of Meeting
13.6 Summary

13.7 Keywords
13.8 Review Questions
13.9 Further Reading

Objectives

After studying this unit, you will be able to:
Describe the need for meetings of the shareholders;
Discuss about the different kinds of meetings;
Recognize the type of business transacted at different meetings;

Explain the procedure and legal provisions for conducting meetings properly.

Introduction

A company is an artificial person and therefore, cannot act itself. It must act through some
human intermediary. The various provisions of law empower shareholders to do certain things.
They are specifically reserved for them to be done in company’s general meetings. Section 291

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