. The Annual General Meeting (AGM): What It Is and What It Does Where is AGM held? AGM is held at the company's registered office.
What are types of meeting?
There are many types of meetings, but they can broadly be classified into two categories: formal and informal.
Formal meetings are typically scheduled in advance and have a specific purpose or agenda. They are often conducted in a boardroom or meeting room, and participants usually sit around a large table. Formal meetings can be quite formal and structured, with participants taking turns to speak and discuss the matters at hand.
Informal meetings, on the other hand, are typically more relaxed and informal. They often take place in coffee shops, restaurants, or even someone's home. Participants typically sit around a small table or in a circle, and the conversation can be more free-flowing.
What are the types of annual general meeting?
There are three types of annual general meetings (AGMs): ordinary, extraordinary, and annual. Ordinary AGMs are the most common type and are held to discuss the company's financial performance over the past year, elect directors, and appoint auditors. Extraordinary AGMs are held to discuss and vote on matters that are not covered by the company's articles of association. Annual AGMs are held to discuss the company's strategy and business plan for the upcoming year. What are the requirements of annual general meeting? The requirements for an annual general meeting (AGM) vary depending on the jurisdiction in which the company is incorporated. However, there are some common requirements that typically must be met in order for an AGM to be valid.
In most jurisdictions, companies are required to give notice of the AGM to all shareholders at least 21 days in advance. The notice must include the date, time, and location of the meeting, as well as the agenda. In some jurisdictions, shareholders may also be required to receive copies of the company's financial statements in advance of the AGM.
At the AGM, shareholders must be given the opportunity to vote on matters such as the election of directors and the approval of the company's financial statements. In some jurisdictions, shareholders may also be asked to vote on other matters, such as changes to the company's articles of incorporation.
Quorum requirements for AGMs vary depending on the jurisdiction, but typically a majority of shareholders must be present in order for the meeting to be valid. Once quorum is established, shareholders may vote by show of hands or by ballot.
Proxy voting is typically allowed at AGMs, which means that shareholders who are unable to attend the meeting can appoint someone else to vote on their behalf. In some jurisdictions, shareholders may also be able to vote by proxy by telephone or online.
AGMs typically conclude with a shareholders' meeting, during which shareholders can ask questions of the board of directors and management. In some jurisdictions, shareholders may also be able to propose resolutions at the AGM. How many AGM are in a year? There are 12 AGMs in a year.