Previous Lecture Types of Shares Types of Meetings Termination of Memberships

Company Law - 6 Lecture # 30

Types of Meeting Meaning-All 3 types Notice-21 days Report-SECP Certificate-3 directors

Types of Meeting List of Members-Present members Procedure-Any matter Adjournment-By members

Types of Meeting Resolution-Only subject to Notice Penalty-Winding up/ Fine Winding Up-Absence of meeting by Court

Directors Term –Pvt. 2 – 50 –Pub Types –First –Elected –Causal - Only for the remaining period –Nominated –Alternative – If director if Abroad

Resolution Ordinary –Under SECP, an ordinary resolution is a resolution passed by the shareholders of a company by a simple or bare majority (for example more than 50% of the vote) either at a convened meeting of shareholders or by circulating a resolution for signature. Filing of Resolution –15 Days

Resolution Special –Under SECP Special resolution is a resolution passed by a majority of not less than two-thirds of the votes cast by the shareholders who voted in respect of that resolution or signed by all the shareholders entitled to vote on that resolution. Filing of Resolution –15 Days

Winding Up 1.Compulsory Winding up Under Order of The Court 2.Voluntary Winding up 3.Winding up Under The Supervision of The Court

Compulsory Winding up Under Order of The Court Special Resolution Failure in Statutory Report, Statutory Meeting, Annual General Meeting Failure to Commence or Suspend Business

Compulsory Winding up Under Order of The Court Reduction in Membership Liability to Pay Debts Ceases to Enlist Just and Equitable

Voluntary Winding up Members Voluntary Winding up Creditors Voluntary Winding up

Winding up Under The Supervision of The Court Any Equitable Reason

Who Can Apply Petition by Shareholder Petition by Director Petition by Creditors Petition by Registrar Petition by SECP

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