EGM List
Extraordinary General Meetings
Extraordinary General Meetings list
Extraordinary General Meeting
Get the details you need for Extraordinary General Meetings in one place.
| Company Name | Company Code | ISIN | Note | Meeting Date |
|---|
What is the Extraordinary General Meeting?
An Extraordinary General Meeting (EGM) is a meeting between management and shareholders of the company. Any meeting between shareholders and management of the company apart from the scheduled Annual General Meeting (AGM) is known as the Extraordinary General Meeting (EGM). It is called for executing special or urgent business decisions that may arise in between two Annual General Meetings.
The purpose of an EGM is to pass certain important provisions and decisions requiring urgent action, such as the resignation of a key member, legal case, approval of significant transactions, etc.
The company must give notice at least 21 days to the members informing them about the date, time, and venue of the meeting. However, EGM can also be called at shorter notice in certain situations. The meeting can be held physically or via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
Did you know?
All businesses transacted at an Extraordinary General Meeting are called Special Businesses.
Who can call for an EGM?
As per the Companies Act, 2013, EGM can be called by:
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Board of the company after receiving the request by members. The board has a period of 21 days to call for an EGM. Further, EGM must be held within 45 days from the day it is called by the Board.
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Members holding 1/10th or more of the company’s paid-up capital carrying voting rights can call for an EGM. If a company does not have a share capital, the members holding 1/10th or more of the voting power can call for an EGM.
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In case where the Board fails to call an EGM within 21 days or convenes a meeting after 45 days from the receipt, the meeting can be called by the requisitionists within 3 months from the date of the requisition.
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The Civil Court by a special order.
AGM Vs EGM
| Particulars | AGM | EGM |
|---|---|---|
| Requirement | Statutory Requirement | Not a statutory requirement, it can be called as and when required |
| Purpose | Called for executing usual business or special business decisions | Called for executing special business. |
| Can be held on a National Holiday | No | Yes |
| Frequency | Annually | No defined frequency, can be called when required. |
| Notice period | 21 days; however, it can be held at a shorter notice | 21 days; however, it can be held at a shorter notice. |
Quorum for an EGM
Quorum means a minimum number of members required in a meeting without which a meeting cannot be conducted
| Total Members | Minimum Requirement (Personally Present) |
|---|---|
| Less than 1000 | 5 |
| More than 1000 but less than 5000 | 15 |
| More than 5000 | 30 |
For private companies, the AGM attendance requirement is limited to two members. A private company can modify its Articles of Association to increase the Quorum, but cannot reduce it below two.
