{"id":3492,"date":"2020-06-15T13:53:42","date_gmt":"2020-06-15T13:53:42","guid":{"rendered":"https:\/\/prathamconsult.com\/bak-main\/?p=3492"},"modified":"2022-07-08T06:04:37","modified_gmt":"2022-07-08T06:04:37","slug":"annual-general-meeting-agm-under-companies-act-2013-part-2","status":"publish","type":"post","link":"https:\/\/prathamconsult.com\/bak-main\/blog\/2020\/06\/15\/annual-general-meeting-agm-under-companies-act-2013-part-2\/","title":{"rendered":"Annual General Meeting under Companies Act 2013 \u2013 PART 2"},"content":{"rendered":"

In Continuation to the previous post on Annual General Meeting (AGM):<\/a><\/p>\n

Content of Annual General Meeting<\/strong><\/h6>\n

Further, the following documents are also to be sent with the notice calling Annual General Meeting:<\/p>\n

– Copy of Annual Accounts \/ Financial statements of the Company;<\/p>\n

– Directors\u2019 Report and its annexures representing Company\u2019s position for the given financial year;<\/p>\n

– Auditors\u2019 Report and its annexures and<\/p>\n

– Any other required documents.<\/p>\n

Matters to be discussed at the general meeting:<\/strong><\/h6>\n

Generally, the matters to be discussed at the annual general meeting by the company are as below:<\/p>\n

– The declaration of dividend among shareholders, if any,<\/p>\n

– Consideration of Annual accounts;<\/p>\n

– Discussion of the Director\u2019s report and the Auditor\u2019s report;<\/p>\n

– Appointment and fixing of the remuneration of the Statutory auditors;<\/p>\n

– Ratification of the Director’s actions;<\/p>\n

– Election of the board of directors;<\/p>\n

– Appointing replacement directors in place of existing directors retiring;<\/p>\n

To address any relevant matter or issue other than the above mentioned, a special notice regarding the issue is to be served to members before the meeting. This is sent with the notice for calling the meeting.<\/p>\n

Quorum of the General Meeting:<\/strong><\/h6>\n

The Quorum is required to be present within half an hour of the commencement of the meeting.<\/p>\n

In Case of Public Company<\/strong>:<\/p>\n\n\n\n\n\n\n
If the Number of members as on date of the meeting<\/strong><\/td>\nQuorum<\/strong><\/td>\n<\/tr>\n
Not more than 1000<\/td>\n5 members personally present<\/td>\n<\/tr>\n
More than 1000 but up to 5000<\/td>\n15 members personally present<\/td>\n<\/tr>\n
More than 5000<\/td>\n30 members personally present<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In case of Private Company<\/strong>: At least 2 members must be personally present<\/p>\n

However, Articles of Association of the Company can have larger number for quorum requirement provision in itself at the time of the incorporation or else subsequently by alteration.<\/p>\n

Adjourned AGM:<\/strong><\/h6>\n

According to Section 103(2)<\/a>, if the quorum is not present within half-an-hour from the time appointed for holding a meeting of the company- the meeting shall stand adjourned to the same day in the next week at the same time and place, or to such other date and such other time and place as the Board may determine.<\/p>\n

In case, quorum is not present within the half an hour at the adjourned meeting, then the members present shall be the quorum.<\/p>\n

As stated in clause 15.6 of Secretarial Standard 2 At an adjourned Meeting, only the unfinished business of the original Meeting shall be considered.<\/p>\n","protected":false},"excerpt":{"rendered":"

In Continuation to the previous post on Annual General Meeting (AGM): Content of Annual General Meeting Further, the following documents […]<\/p>\n","protected":false},"author":1,"featured_media":4260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,16,45],"tags":[78,80,83,161,247,287],"yoast_head":"\nAnnual General Meeting | Content | Quorum | Adjourned AGM<\/title>\n<meta name=\"description\" content=\"Annual General Meeting under Companies Act 2013 - Content of AGM...Matters to be discussed at AGM...Quorum....Adjourned AGM...To read in brief visit here...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prathamconsult.com\/bak-main\/blog\/2020\/06\/15\/annual-general-meeting-agm-under-companies-act-2013-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Annual General Meeting | Content | Quorum | Adjourned AGM\" \/>\n<meta property=\"og:description\" content=\"Annual General Meeting under Companies Act 2013 - 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