What are the types of meeting 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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