Types of general meeting - meetings and resolutions, Business Law and Ethics

Types of General Meeting:

The Statutory Meeting

          By section 130 every public company limited by shares and every public company limited by guarantee and having a share capital shall, within a period of not fewer than one month nor more than three months from the date at which the company is entitled to commence business, hold a universal meeting of the members of the company that shall be called the statutory meeting.  The statutory meeting is held for the specific purpose of enabling the members of the company to consider the statutory report.  However, s.130(7) provides that "the members of the company present at the meeting shall be at liberty to discuss any material relating to arising out of the statutory report, the formation of the company, or whereas previous notice has been given or not."  But no resolution of that notice has not been given in accordance with the articles may be passed at the meeting.

Posted Date: 1/12/2013 5:21:39 AM | Location : United States

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