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Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Monjur Alahi

Justify the following statement:

Extra Ordinary General Meeting is called under special circumstances.


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Salim Ahmed Kawsar

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1. Extraordinary General Meeting is held in between two Annual General Meetings.

2. It is held when the matter is of utmost importance and it cannot be postponed till the next Annual General Meeting.

3. It can be called to make shareholders aware of the happenings in the company.

4. It can also be called to seek their approval on important and urgent matters.

5. Important and urgent matters can be:

  • Alteration in Memorandum of Association
  • Alteration in Articles of Association
  • Reduction in share capital
  • Removal of a director or auditor
  • Voluntary winding up of a company, etc.
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