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extra ordinary meeting

rajeev kumar, bcom ca-final (study) (196 Points)

21 September 2009

what is extra ordinary meeting can any body define in shor

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3 Replies

Manmohan ACA, CS (Chartered Accountant ) (14243 Points)
Replied 21 September 2009

A company has to hold 3 types of meeting

statutory meeting (only in case of limited co having share capital ) soon after -commencement on business- once in life time
annual general meeting once in every canender year

any meetning other then these 2 are called EGM, which is held between 2 AGM , to discuss some important matters for which Board can not wait till AGM

Soumitra Chawathe (--) (107 Points)
Replied 21 September 2009

There may be certain matters which require immediate attention and action as well as consent from the members of the company; for e.g. Increase in capital, Shifting of registered office from one state to other, Change in objects, etc. A Company cannot wait till the next annual general meeting. So the company holds an extra-ordinary general meeting (EGM) to give effect to its resolutions which requires members' consent.

Any general meeting held between two AGMs is an EGM.