Chapter 8: Meetings and Resolutions Flashcards
statutory meeting shall be conducted within what time?
within 9 months of incorporation or within 180 days of commencement of business
when is the statutory report sent to the shareholders?
21 days before the meeting
in the statutory report, the summary of receipts and payments shall be upto what date?
to a date not earlier than 15 days from the date of the report
the first Annual General Meeting is conducted within what time?
the first AGM is conducted within 16 months from the date of incorporation
subsequent AGM is conducted within what time?
once in every calendar year, within 120 days from the close of the financial year
period of extension for AGM
30 days, by commission for listed companies, and registrar, for other companies
notice of resolution by members in a general meeting, if they hold 5 pct or more voting power
if meeting requisitioned by directors or commission, notice shall be given 10 days or before the meeting
members may themselves call an EGM, if directors don’t proceed to call EGM within what days from date of requisition?
21 days
if directors don’t proceed to call the EGM within what days of requisition, members may themselves call the meeting
21 days
EGM will be conducted by directors or by members within what days of requisition, otherwise requisition shall be expired.
90 days
a notice of general meeting is sent at least what days before the date of general meeting to members at their address in Pakistan
21 days
listed company shall also arrange facility of video link to its members not residing in city where AGM is held, if members holding at least 10 pct of share capital, submit to company a written request at least what days before the meeting?
7 days
instrument of proxy shall be, in writing, and signed by appointors or his authorized attorney, and lodged with company at least what time before the time of meeting?
holidays aren’t counted.
48 hours
court may declare a general meeting invalid, if members having 10 pct or voting power, file a petition with court, within what days of the disputed meeting
30 days
a copy of every special resolution of every company is to be filed with the registrar within what days of passing it?
15 days
