# Class Meetings
## Meaning
> A Class Meeting is a meeting of shareholders holding a particular class of shares (e.g., preference shareholders), as distinct from a meeting of all shareholders.
Different classes of shares may carry different rights as to:
- Dividend (cumulative/non-cumulative)
- Voting (full/restricted/disenfranchised)
- Repayment of capital on winding up
- Conversion / redemption
- Other privileges (founder shares, sweat equity, etc.)
## When are Class Meetings Held?
| Trigger | Purpose |
|---|---|
| Variation of class rights (Sec 48) | Consent of holders of the affected class by SR or written consent of holders of 3/4th of issued shares of that class |
| Scheme of compromise / arrangement (Sec 230) | Approval by majority in number representing 3/4th in value of each class of members/creditors |
| Reduction of capital (Sec 66) | Where preference shareholders are affected, separate class meeting may be required |
| AOA provisions | Whenever AOA so provides |
## Procedural Aspects
- Notice, quorum, voting and minutes provisions of general meetings apply mutatis mutandis to class meetings unless AOA provides otherwise.
- Only members of the specified class can attend and vote.
- Resolutions passed at class meetings are filed in MGT-14 within 30 days where applicable.
## Significance
Class meetings protect the minority interests of specific share classes — particularly preference shareholders or shareholders with special rights — from being overridden by the equity majority at general meetings.