Different Meetings of Companies (A Business Labor Laws Topic)
Meeting of the companies are of three kinds: Meetings of Members Meetings of Directors Meetings of Creditors Meetings of members are general meetings as they are attended by all the members. The management of the company is undertaken through meetings of the company’s shareholders where major decisions are to be taken. The meetings are usually called by directors, but may also be called by the shareholders. In case of default the Commission may call a meeting, either of its own accord or on the application of members. There are three types of meetings of members: the Statutory Meeting, the Annual General Meeting, And Extra Ordinary General Meeting. A Board of Directors generally must conduct a Board meeting to make company decisions,frame the general policy of the company, direct its affairs, appoints the company officers, ensures that they carry out their duties and recommend to the share holders regarding distribution of dividend. The Meeting where a bankruptcy trustee...