what are the differences between GM and AGM?
3 Replies
CA bhargava
(CA)
(2017 Points)
Replied 16 October 2012
does Gm means General meeting and AGM means Annual general meeting
Tejal
(CS)
(123 Points)
Replied 16 October 2012
Dear Ankita,
GM can be Annual General Meeting(AGM) or Extra-ordinary General Meeting(EGM).
AGM means Annual General Meeting.
Ankit
(CA, CS)
(3064 Points)
Replied 16 October 2012
Dear Ankita,
GM simply means any meeting of the shareholders of the company. some of the forms of GM are: EGM, AGM, court convened meeting u/s 391-394, court convened meeting for any other reason like winding up etc, statutory meeting.
whereas AGM is a specific meeting held u/s 166 of the companies act.
another difference between the two is: that in case of a GM other than AGM, all the matters are special matters, and that the comapny is free to set any agenda for the meeting.
whereas, in AGM, a company has to take the 4 ordinary matters compulsorily. it may choose to include other special matters also
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