AGM or Annual General Meeting is a Meeting held once a year where the directors of the company report to the shareholders on the year’s performance and nay vacancies in the board of directors are filled by shareholders’ consent. The chief of the company comments on the future outlook of the company, and answers questions from shareholders. Notice of the meeting, along with a copy of the ANNUAL REPORT (or an abridged version of it) has to be compulsorily sent to every shareholder, who may send a proxy to attend on his behalf. Shareholders can insist that all resolutions on company policy be voted upon by the equity shareholders of the company. This meeting also receives the auditors’ report, appoints auditors, and fixes their remuneration.
EGM
Extraordinary General Meeting. A meeting of shareholders which may be called to approve special events such as a take-over or major acquisition.
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