23 November 2013
General meeting is broder term in compare to AGM. AGM is included under GM.
AGM is a part of GM.
General meetings of members of a company shall be called by the Board at its initiative, these may be either for:— (i) An Annual General Meeting shall required to be held every year as per the provisions of section 166 of the Act (which has been discussed in the chapter (ii) An Extraordinary General Meeting of members may be held between the two annual general meetings.
23 November 2013
Secretarial standard on General Meetings Since the members of a company are the supreme authority and real owners of the share capital of the company, they may exercise their voting powers in a company only by way of participation and vesting in the general meeting. Therefore, all the procedure and obligations right from submission of matters before the Board till the conclusion of meeting and recording of minutes should be conducted in a proper manner and in strict compliance of the Companies Act, 1956, and the Rules made thereunder as well as the provisions of the Articles of Association should be made.
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