Voting result

very useful information shared by you sir.

thanks a lot.

Regards,

RAJESH CHOUDHARY

Thanks Dear .

48 hours?? Thats too early, anyways, i think, this is ofcoarse one another way to increase transparency..

And thanx for sharing the info.

Thanks Sir.

Ofcourse Dhiraj ji, the voting results are to be submit within 48 hours.

Thnks for Upgrading our Knowledge 

Useful information sir JI.

what is difference between annual general meeting and extra ordinary general meeting?

Originally posted by : venkatesh
	what is difference between annual general meeting and extra ordinary general meeting?

Dear Venkatesh,

in simple words, annual general meeting is the one wch is mandatory to have in every financial year and EGM is held when any emergency has come up and decision has to be taken by Shareholders, in this case we can not wait for the AGM and go for EGM.

• Annual general meetings (AGMs) are a part of the normal financial calendar for all limited companies and take place on the occasion of the year-end results presentation and the publication of the annual report.

• Extraordinary general meetings are called to discuss strategic and other issues with shareholders outside the normal financial calendar.


Purposes

Both types of meetings are formal meetings between company directors and the shareholders of the company. They typically involve presentations by the board (typically the chairman and/or CEO) and a chance for shareholders to question the board.

AGMs
The AGM is a formal part of a company financial year. Its purpose is to allow the board to present the year’s results, discuss the outlook for the coming year, present the formal, audited accounts and to have the final dividend and directors’ emoluments approved by shareholders. Shareholder approval is signalled by the passing of resolutions in which shareholders vote in proportion to their holdings. It is usual for the board to make a recommendation and then seek approval of that recommendation by shareholders. The dividend per share, for example, is recommended by the board but only paid after approval by the shareholders at the AGM. Institutional shareholders may employ proxy voting if they are unable to attend in person.


EGMs
Extraordinary meetings are called when issues need to be discussed and approved that cannot wait until the next AGM. A full year can be a very long time. In some business environments when events necessitate substantial change or a major threat, an EGM is sometimes called. Management may want a shareholder mandate for a particular strategic move, such as for a merger or acquisition. Other major issues that might threaten shareholder value may also lead to an EGM such as a ‘whistleblower’ disclosing information that might undermine shareholders’ confidence in the board of directors.

Regards,

Aditya.

very useful information submitted by you 

thanks..........

thanks for sharing....i have one q..whait if no reso passed at meeting..den also to intimate stock xchange??

Many Thanks Ankur!

SEBI vide its circular dated 05/10/2012 has, In order to ensure wider dissemination of information regarding voting results, mandated that listed entities shall disclose their voting results in the prescribed format, to the exchanges and also place the same on their websites, within 48 hours from the conclusion of the concerned shareholders’ meeting.

To begin with this requirement, it was decided to start with top 500 listed entities based on market capitalization.

The list of top 500 companies are attached herewith to whom the said circular is applicable.