Professional Documents
Culture Documents
ANDHRA PRADESH
Name : N. Ramachandra Reddy
Designation : Head of CCP
Branch : DCCP
Institute : G.P.W; Warangal
Year/Semester : DCCP I YEAR
Subject Code : 104
Topic : Raising the Capital for Joint Stock
Company
Duration : 50 Mts
Sub Topic : Meetings
Teaching Aids : PPT, Pictures, Animations
CCP104.72 1
Objectives
able know
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Recap
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Types of shareholders meetings
Statutory meeting:
According to section165 of the companies Act, a Public
Limited Company has to hold statutory meeting as a
legal obligation and adopt statutory report, within a
specified period
The first meeting of shareholders of a Public Limited
Company is called Statutory Meeting
It is held only once in the lifetime of a company.
A Private Company is not required to hold this meeting
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Meaning:
Statutory Meeting is a general meeting to discuss
matters relating to incorporation, allotment of
shares, Preliminary contracts of the company etc.
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Statutory Meeting Requirements:
1. Time of holding:
This meeting must be held after one month and
within six months from date of receipt of certificate of
commencement of business.
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Notice:
A copy of the notice should be sent to each shareholder
at least 21 days in advance of the meeting
This report should be signed by at least two directors
including the Managing Director, if any
It should be certified by the auditors of the company
It is to be adopted at the meeting
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Statutory report
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Contents of Statutory Report :
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Filing with the Registrar :
List of shareholders :
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Participation by Members :
Members can discuss all the matters relating to
incorporation, contracts of company, share allotment,
financial dealings etc
Resolutions:
Minutes :
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Annual General Meeting :
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The first Annual General Meeting of company must
be held within 18 months from the date of
incorporation of the company
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Not less than 21 days notice in writing must be
served on each shareholder to call the meeting
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The business conducted at the Annual General Meeting
is
1. Routine business :
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2. Special Business :
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Copies of all resolutions should be sent to the Registrar
within 30 days of this meeting.
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Summary
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Quiz
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1.The first meeting of shareholders
is
B. Board Meeting
C. Extra-ordinary General
Meeting
D. Statutory meeting
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2. The interval between two Annual General
Meetings should not be more than
A. 24 months
B. 10 months
C. 51 months
D. 15 months
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Frequently asked questions
1. List out the different kinds of meetings held by a Joint
Stock Company.
2. Name the first meeting of the shareholders of the
public limited company.
3. Explain the objects of holding Annual General
Meeting.
4. State the items which the Annual General Meeting
consider.
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5. Explain
A. Statutory Report.
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Assignment
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5. When the first Annual General Meeting is
held.
B. Statutory Meeting.
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