Ch 8: Meetings and Resolutions
1. Company Meetings
1-1 Types of meetings of a company [O]
1-2 Statutory meeting of company [I]
1-3 Annual General Meeting (AGM) [I]
Query: What are the reasons for delay in AGM except late audit?
Response:
Few reasons of delay in AGM:Â
1. Delay in preparation of financial statements.Â
2. Natural Calamity (e.g. floods etc.)
3. Loss of data in computer due to virus/system problem.Â
4. Delay in audit reports due to non-availability of auditors because of resignation, death, incapacity to sign.Â
5. Change in financial year (for consolidation with holding company).Â
6. Non availability of shareholders which may result in absence of quorum (usually in private companies).Â
7. Non-availability of directors on the valid grounds. For instance, sudden death of directors and consequence of this the limit of directors goes below the minimum requirements of directors.Â
8. Confiscation of books of accounts by Income Tax Department, NAB, etc.
9. Mergers & acquisitions in process.Â
1-4 Calling of extra-ordinary general meeting (EGM) [I]
1-5 Power of Commission to call meetings [I]
1-6 Q&A Statutory meeting requirement [O]
1-7 Q&A Joint Limited (ICAP Autumn 2018) [O]
1-8 Q&A Karachi Telecom Limited [O]
1-9 Q&A AGM time limit [O]
1-10 Q&A EGM Notice [O]
1-11 Q&A Peach Panther Limited [R]
1-12 Q&A Violet Limited (ICAP Spring 2022) [I]
2. Service of documents and notices
2-1 Service of documents and notices [I]
3. Conduct of meetings
3-1 Provisions as to meetings and votes [I]
Query: sir company agar kisi ko notice na dy to us ka meeting ki procceeding par koi asr ni hota, why is it so? mtlab notice to compulsory item hona chahe a na??
Response: Notice is compulsory. The phrase "accidental omission / non-receipt by any member" does not mean "company agr kisi ko notice na de".
3-2 Voting by Show of hands [R]
3-3 Voting by Poll [I]
3-4 Proxies [I]
3-5 Representation of body corporates at meetings [R]
3-6 Representation of Government at meetings [R]
3-7 Quorum of general meeting [I]
3-8 Court declaring a general meeting invalid [R]
3-9 Q&A Special Business  [O]
3-10 Q&A Unique Limited (ICAP Spring 2018) [O]
3-11 Q&A AS Limited  [O]
3-12 Q&A Mr. Shakeel [O]
3-13 Q&A Fancy Works Limited (ICAP Autumn 2019) [O]
3-14 Q&A Green Leaf Limited [O]
3-15 Q&A Classic Paints Limited [O]
3-16 Q&A VX Limited [O]
3-17 Q&A Mastermind Technologies Limited [O]
3-18 Q&A NokeJhoke Limited (ICAP Autumn 2015) [R]
3-19 Q&A Alpha Limited (ICAP Spring 2020) [I]
3-20 Q&A Trade Limited [I]
3-21 Q&A Brown Enterprise Limited (ICAP Spring 2022) [I]
3-22 Q&A Red Coral Limited (ICAP Spring 2021) [I]
3-23 Q&A Dolphin Limited (ICAP Autumn 2021) [I]
3-24 Q&A Cartier Metal Limited (II) (ICAP Spring 2023) [O]
3-25 Q&A Hafnium Engineering Limited (ICAP Autumn 2023) [I]
4. Resolutions and Records
4-1 Notice of resolution [R]
Query: sir kya is ka mtlab ye hi k (resolution by members) agar members k pass 5% voting power hi to 10 din phly wo directors ko notice daen gy sirf ordinary resolution k liye, q k special resolution k liye to 21days ka notice chahe a hota hi
Response:Â
1. Notice is to be given to company (not specifically to directors).
2. A notice for special resolution may be given 21 days' before (it would still be at least 10 days before also) the general meeting by members.
3. As per definition of special resolution, "provided that if all the members entitled to attend and vote at any such meeting so agree, a resolution may be proposed and passed as a special resolution at a meeting of which less than twenty-one days notice has been given".
4-2 Resolution passed at adjourned meetings [I]
4-3 Passing of resolution by members through circulation [I]
4-4 Filing of special resolution [I]
4-5 Records of resolutions and meetings [R]
4-6 Q&A Mr. Dinshaw [R]
4-7 Q&A Majestic Limited [O]
4-8 Q&A Duck Fertilizers Limited (ICAP Autumn 2020) [I]
4-9 Q&A Tripod Limited  [O]
4-10 Q&A Rapid Construction Limited [O]
4-11 Q&A Saleem Hussain (ICAP Autumn 2021) [I]
4-12 Q&A Crimson Limited (ICAP Spring 2022) [I]
5. Objective Based Q&A