Usual business at an annual general meeting, Business Law and Ethics

Usual business at an annual general meeting:

The registrar is not bound to call or direct the calling of the meeting but, in the event of his refusing to do so, the aggrieved member may apply to the court for an order : Re: El Sombrero Ltd (88), in which the court made an order after the registrar had declined to do so.  Section 131 does not provide for the business which may be transacted at the annual general meeting but Table A, Article 52 mentions the following as the "ordinary" or usual business at an annual general meeting:

i. declaring a dividend;

ii. the consideration of the accounts, balance sheets and the reports of the directors and auditors;

iii. the election of directors in the place of those retiring, and

iv. the fixing of the remuneration of, and the appointment of the auditors.

Subsection 5 makes it a criminal offence punishable with a fine not exceeding two thousand shillings for the company and every officer of the company to fail to hold the annual general meeting or comply with any directions of the registrar regarding the calling and conduct of the meeting.

Posted Date: 1/12/2013 5:26:34 AM | Location : United States

Related Discussions:- Usual business at an annual general meeting, Assignment Help, Ask Question on Usual business at an annual general meeting, Get Answer, Expert's Help, Usual business at an annual general meeting Discussions

Write discussion on Usual business at an annual general meeting
Your posts are moderated
Related Questions
Requirements of Registration of Hire Purchase Agreements Each Hire purchase Agreement must will in the English language It have be delivered to registration with

Question 1: (a) Explain what you understand by the following legal terms under the Employment Relations Act - (i) Collective bargaining (ii) Collective agreement (iii

QUESTION 1 Mr. Smith is going for his driving test at the Traffic Branch of the police force in Port- Louis. On his arrival, he approaches Police Constable Edouard to facilitat

Scheme of Arrangement: The following sequence of action is necessary:  (a) application is made to the court (usually by the company itself) for an order that one or more me

Judicial elucidation of Acts: In fact the other points to be noted in relation to judicial elucidation of Acts are as follows: like; (a)   There is no clause of an Act is t

Company Secretary:             4.19.1  Appointment of the Secretary             By section 179, every company must have a secretary but a sole director cannot be a secretar

Leases - Voidable Contracts However a lease granted to an infant is binding on him unless he repudiates it then within a reasonable time after attaining the age for eighteen.

PROXIES - meetings and resolutions: By S.136(1), any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint one more person (

PUBLICATION: Whether in section 46(3) of the constitution states that like, upon a Bill that has been passed through the National Assembly being presented to the President for

Powers of Arbitral Tribunal Powers of Arbitral Tribunal are as Follow: For determine whether it has jurisdiction to entertain a dispute and For provide interim reme