After reading this article you will learn about the managing director and manager of a company. Managing Director: Section 2 (26) of the Companies Act defines a managing director as, "a director who, by virtue of an agreement with the company, or of a resolution passed by the company in general meeting, or by its board of directors, or by [...]
The Companies Act recognises the following three types of resolutions: 1. Ordinary Resolution 2. Special Resolution 3. Resolutions Requiring Special Notice. Type # 1. Ordinary Resolution: An ordinary resolution is that which is passed by a simple majority at any general meeting of the shareholders. The resolution may be passed by a show of hands or by a poll. A [...]
After reading this article you will learn about:- 1. Meaning and Definition of Company Meeting 2. Characteristics of a Company Meeting 3. One-Man Meeting 4. Kinds. Meaning and Definition of Company Meeting: The word "meeting" is not defined anywhere in the Companies Act. Ordinarily, a company may be defined as gathering, assembling or coming together of two or more persons [...]