Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of the first stockholder's meeting.
First Stockholders Meeting For The First Time In North Carolina
State:
Multi-State
Control #:
US-0016-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The formalities for calling (or convening) shareholders' meetings are much stricter than those for board meetings. At least fourteen clear days' written notice must be given to all shareholders, directors and any auditor. This is regardless of whether resolutions are to be passed as ordinary or special resolutions.
An annual shareholder meeting is typically scheduled just after the end of the fiscal year. This allows for the previous year's financial performance to be fully assessed and discussed.
(a) initially, no more than 18 months after the company's date of incorporation; and. (b) thereafter, once in every calendar year, but no more than 15 months after the date of the previous annual general meeting, or within an extended time allowed by the Companies Tribunal, on good cause shown.
Most shareholder meetings are held as an annual general meeting (an “AGM”) or as a special general meeting, called by the directors of the corporation, to conduct business that is not required to be conducted at an AGM.
In order to have a legal meeting you must have a quorum of shareholders present. Typically, a quorum is defined as a representative of more than half of all shares outstanding. There are many other items that can be included on the agenda for an annual shareholder meeting.
Statutory meeting is the first meeting of the shareholders of the company. it must not be held only once in a lifetime of a company . Hence the first general meeting of the company is the statutory meeting.
If your business is set up and registered as a Corporation, you're required by law to hold an annual shareholder meeting and to document the meeting with minutes.
Once you have an agreed-upon agenda and setting for the meeting, the host can send a notice to all shareholders and board members invited to the AGM. Annual shareholder meetings require a notice period of at least 21 days. The notice period can be shortened with the expressed consent of all shareholders.
All shareholders must be notified of the format, date, time, and place of the meeting. How far in advance notices should be distributed may depend on your state, but generally, they should be sent out more than 10 days prior to the meeting, but less than 60 days.
