Get EXTRAORDINARY GENERAL SHAREHOLDERS MEETING MINUTES 35

An AGM is a routine meeting that typically follows a fixed agenda, while an EGM is a special meeting called for a particular purpose, such as to discuss a merger, acquisition, or major policy change. Furthermore, an AGM is a mandatory meeting required by law, whereas an EGM is not.

The extraordinary general meeting is used as a way to meet and deal with urgent matters that arise in between the annual shareholders' meetings....An EGM might be called to deal with any of the following: The removal of an executive. A legal matter. Any matter that can't wait until the next shareholders meeting.

A meeting held by a company to deliberate upon matters that require the urgent attention of senior executives, the board of directors, and all shareholders. Written by CFI Team. Updated December 13, 2022.

Upon the receival of a valid requisition, the Board has a period of 21 days to call for an EGM. The EGM must be then held with 45 days from the day of the EGM being called.

The directors of the company should determine the date of the AGM (if they wish to hold one) and may call an EGM whenever they think fit. There are also provisions for members to request a general meeting to be held and to call one themselves if their request is not complied with.

Content of the EGM Minutes The venue, date and time of the EGM. The names of the appointed chairman of the meeting, the directors, members, officers, and proxies present at the meeting to clearly record the persons in attendance. The record of members consenting to have received and read the EGM notice.

An Extraordinary General Meeting (EGM) is a meeting held by a company to deliberate upon matters that require the urgent attention of senior executives, the board of directors, and all shareholders and cannot be deferred till the next scheduled annual general meeting.