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Company
Series
General
Meetings
What
is annual general meeting?
It is a meeting of
shareholders of a company which has to be convened once every year or
not later than 15 months from the last general meeting
What
is the purpose of general meetings?
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For shareholders
to consider issues relating to the financial report, the
directors’ report, the auditor’s report
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For shareholders
to elect directors of the company
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For any other
issues concerning the company
What
is extraordinary general meeting?
Any meeting of
shareholders other than the annual general meeting.
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Should
shareholders attend general meeting?
Yes they should as
this is the only occasion when they can questions the management of the
company on policies or decisions taken.
If
a shareholder wishes to vote in a general meeting but is unable to
attend the meeting in person, can a representative attend on his behalf?
Yes, that shareholder
may do so by appointing a person as his proxy to attend and vote on his
behalf.
Can
anyone be appointed as a proxy?
Some
companies require that a proxy must
be a shareholder of the company. If a non-shareholder is appointed as a
proxy then he must be a advocate and solicitor or a company auditor.
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