State the types of meetings of Joint Stock Company.
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The Different types of meetings of joint stock company are :-
1. Statutory meeting- It is the first meeting of company shareholders. It's objective is to inform the shareholders about the affairs of the company. Statutory meeting is held by every limited company. Statutory meeting can be held after three moths from the date of commencement. But there should be no delay more than six months. Before this meeting 21 days must be given to each shareholders by Secretary.
2. Annual General Meeting- Every company calls Annual General Meeting of the shareholders. It is the open meeting of the shareholders in which various reports are submitted by the directors. Shareholders can criticize the policies of the directors and can suggest various measures to solve the problems of the company. Annual General Meeting is held according the company ordinance. First meeting should be held within 18 months from the date of meeting. this meeting will be called by the directors only. If Director fails to call the meeting in due period then penalty can be imposed on them.
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1. Statutory meeting- It is the first meeting of company shareholders. It's objective is to inform the shareholders about the affairs of the company. Statutory meeting is held by every limited company. Statutory meeting can be held after three moths from the date of commencement. But there should be no delay more than six months. Before this meeting 21 days must be given to each shareholders by Secretary.
2. Annual General Meeting- Every company calls Annual General Meeting of the shareholders. It is the open meeting of the shareholders in which various reports are submitted by the directors. Shareholders can criticize the policies of the directors and can suggest various measures to solve the problems of the company. Annual General Meeting is held according the company ordinance. First meeting should be held within 18 months from the date of meeting. this meeting will be called by the directors only. If Director fails to call the meeting in due period then penalty can be imposed on them.
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. STATUTORY MEETING :-
it is the first meeting of a company shareholders. Its objective is to inform the shareholders about the affairs of the company Statutory meeting is held once only in the whole life of the company. Statutory meeting is held by every limited company. Meeting should be held within the prescribed period mentioned in the company ordinance. Following are the important features of statutory meeting.
1. Objects of statutory meeting :-
i. Its main purpose is t provide exact and latest information about the affairs of the company.
ii. To win the confidence of the shareholders of the company.
iii. To discuss the statutory report.
2. Period of meeting :- Statutory meeting can be held after three months from the date of commencement . But there should be no delay more than six months.
3. Notice :- Before this meeting 21 days notice must be given to each shareholders by the Secretary.A statutory report should also be enclosed with the notice.
4. Call of meeting :- Only directors of the company are authorized call the statutory meeting.
it is the first meeting of a company shareholders. Its objective is to inform the shareholders about the affairs of the company Statutory meeting is held once only in the whole life of the company. Statutory meeting is held by every limited company. Meeting should be held within the prescribed period mentioned in the company ordinance. Following are the important features of statutory meeting.
1. Objects of statutory meeting :-
i. Its main purpose is t provide exact and latest information about the affairs of the company.
ii. To win the confidence of the shareholders of the company.
iii. To discuss the statutory report.
2. Period of meeting :- Statutory meeting can be held after three months from the date of commencement . But there should be no delay more than six months.
3. Notice :- Before this meeting 21 days notice must be given to each shareholders by the Secretary.A statutory report should also be enclosed with the notice.
4. Call of meeting :- Only directors of the company are authorized call the statutory meeting.
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