EGM is governed by Section:

100. Section 100 deals with the Extra-ordinary General Meeting.

Once every year. It is an annual meeting.

Maharashtra State Board · HSC Commerce · Class 11 (Std XI)

Class 11 Secretarial Practice Chapter 8: Company Meetings - II (AGM and EGM)

Short notes, key concepts, quick revision and practice MCQs with answers

The Annual General Meeting (AGM) is held every year for members to review the accounts and elect directors. An Extra-Ordinary General Meeting (EGM) is called for urgent matters between two AGMs.

Key concepts: Company Meetings - II (AGM and EGM)

AGM (Section 96): Held once every year. The secretary sends at least 21 clear days' notice to all members at their registered address, by post or electronic mode.
Quorum for AGM of public company: Not more than 1000 members: 5. From 1001 to 5000: 15. More than 5000: 30.
Adjournment: If quorum is absent, the meeting is adjourned.
EGM (Section 100): Meeting other than AGM for urgent business. Called by the Board of Directors or on requisition of members.
Business of AGM: Adopt accounts and reports, declare dividend, appoint auditors and elect directors in place of retiring ones.

Quick revision: important points

Notice must be at least 21 clear days.
AGM is a compulsory meeting; EGM is not.
EGM can be called by Board or by members through requisition.

Practice MCQs with answers

Notice for an AGM must be at least:
1. 7 days
2. 14 days
3. 21 clear days
4. 60 days
Show answer
Answer: C. 21 clear days
21 clear days.
Quorum for AGM of a public company with up to 1000 members:
1. 2
2. 5
3. 15
4. 30
Show answer
Answer: B. 5
Five members.
Quorum for AGM with more than 5000 shareholders:
1. 5
2. 15
3. 30
4. 100
Show answer
Answer: C. 30
Thirty members.
EGM is governed by Section:
1. 96
2. 100
3. 184
4. 118
Show answer
Answer: B. 100
Section 100 deals with the Extra-ordinary General Meeting.
AGM is held:
1. Once every year
2. Every day
3. Once in 50 years
4. Never
Show answer
Answer: A. Once every year
It is an annual meeting.

All Class 11 Secretarial Practice chapters

Chapter 1: Secretary
Chapter 2: Joint Stock Company
Chapter 3: Formation of a Company
Chapter 4: Documents Related to Formation of a Company
Chapter 5: Members of a Company
Chapter 6: Directors and Key Managerial Personnel
Chapter 7: Company Meetings - I
Chapter 8: Company Meetings - II (AGM and EGM)
Chapter 9: Business Communication Skills of Secretary
Chapter 10: Correspondence with Directors

Class 11 Secretarial Practice notes: all chapters