Meetings

Question 1

What are the three types of meetings?

Answer 1

Agm
Gm
Class meeting

Question 2

AGM
Who must have one?
When are they held?
How much notice must be given?

Answer 2

Public company
Within 6 months following year end
21 days

Question 3

GM
When are they held?
How many days notice are required?

Answer 3

When they are required

14days

Question 4

Class meeting
When are they held?
How many days notice should be given?

Answer 4

To consider variation

14 days

Question 5

What are the 4 types of resolution?

Answer 5

Special
Ordinary
Written
Private

Question 6

Special resolution
What percentage age is required?
What notice is given to registrar?
What are they given for?(3)

Answer 6

75%

Within 15days

Alter name, objects or articles.
Reduce share capital
Wind up company

Question 7

Ordinary
What percentage is required?
When is notice given to registrar?
When is it used?

Answer 7

Simple majority over 50%
When required by statute
When special notice is not required by law or articles

Question 8

Written
When is it used?
When is notice given to registrar?
When is it used?

Answer 8

When is required
If 75% majority require
Anything not requiring special resolution

Question 9

Private only

When must it be passed?

Answer 9

Within 28 days of its circulation

Question 10

What resolution do auditor and directors receive?

Answer 10

Ordinary resolution with special 28 day notice

Question 11

Name four procedures that occur at meetings.

What is a quanrum?

Answer 11

Quarum
Poll
Voting
Proxy

Minimum number of members to validate business

Question 12

Poll

Who can it be demanded by?

Answer 12

Members holding 10% of voting rights or 5 members making up 1 vote

Question 13

Proxy

What do they do on behalf of member?

Answer 13

Attend meeting, vote or speak

Question 14

Voting
How do they vote?
How many votes does each member receive?

Answer 14

By show of hands unless poll is demanded

1 vote per member regardless of number of shares owned