Types of Meetings and Key Terms (Pre-requisites of a Meeting)

# Types of Meetings under the Companies Act, 2013

Before studying procedural provisions, it is important to understand the categories of meetings and key terminology.

## 1. General Meeting

A meeting of the shareholders of a company held as per the provisions of the Act.

General meetings are of two types:

### (a) Annual General Meeting (AGM)

• A mandatory yearly gathering of a company's shareholders.
• Objective: To provide members with an opportunity to discuss the functioning of the company and take steps to protect their interests.
• Members can discuss any matter relating to the conduct of the affairs of the company.

### (b) Extraordinary General Meeting (EGM)

• Any meeting of shareholders which is NOT an AGM.
• Objective: To discuss any matter of urgent importance which cannot be postponed till the next AGM.

## 2. Board Meeting

• A meeting of the Board of Directors of a company.

## 3. Class Meeting

• A meeting of a particular class of persons, such as:
• Creditors
• Preference shareholders
• Debenture-holders

## Stages and Provisions of a Meeting

## Key Takeaways

• AGM = yearly statutory meeting; EGM = urgent matter meeting.
• Board meetings = directors only; Class meetings = particular stakeholder groups.
• Pre-requisites of meetings are generally common across all meeting types (time limits may vary).