An Annual General Meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders to receive the annual report and elect the board of directors.
An Annual General Meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders. It addresses critical governance and financial matters, including the presentation of the company's accounts, director and auditor reports, dividend recommendations, election of directors, and appointments of auditors.
Audit Fees, also known as auditors' remuneration, are the amounts payable to auditors for conducting an audit of a company's financial statements, which must be distinguished from fees for non-audit work and approved during the company's annual general meeting.
The most senior officer in a company, presiding at the annual general meeting and usually at board meetings, with varying degrees of involvement in day-to-day operations.
A chairman's report, sometimes referred to as a chairperson's report or chairwoman's report, is a comprehensive overview of a company's activities and prospects, presented by the chair of the company in the annual report and accounts.
An elective resolution was a unanimous decision by all members of a private limited company to dispense with certain provisions of the Companies Act 1985, such as holding an annual general meeting. This requirement was abolished by the Companies Act 2006.
An Extraordinary General Meeting (EGM) refers to any meeting of the company members that is not an Annual General Meeting (AGM). EGMs can be convened by the directors at any time or requisitioned by members holding a specified percentage of shares, and require adequate notice as per the Companies Act 2006.
A 'general meeting' is a key event in the corporate calendar, during which the shareholders or members of an organization come together to discuss and vote on various issues concerning the business. It plays a critical role in corporate governance, transparency, and accountability.
A statutory book where companies must document the interests of its directors in shares and debentures, accessible during the annual general meeting.
