Question

What are the important features of extraordinary general meeting?

Answer 1

Features of Extra-ordinary General Meeting (EGM) :

1. Discuss and exercise intelligent judgement

2. if any resolutions passed are invalid (to correct them)

3. To take proxy votes

Answer 2

Important features-

• This meeting is conducted during the emergency of the company to solve a crisis. This meeting needs all the seniors’ executives of a company.
• This meeting is called by the board after receiving a valid requisition and it should be held within 45 days.
• This meeting is used to deal with an urgent matter which arises in between annual shareholders meeting.
• It can remove any executive if it is needed to a company.