Annual General Meeting (AGM): Key Issues – Part II

This is Part 2 of a 2-part series blog that will cover the Key Disputes, procedural issues with related precedents, and case studies as implemented by the court as per the Companies Act, 2013, surrounding the Annual General Meeting (AGM) of a Company.

An annual general meeting (AGM) is a yearly gathering of interested shareholders of a firm. At an AGM, the company's directors deliver an annual report to shareholders that include information on the company's performance and strategy. The company's directors report the company's financial performance, and shareholders vote on the topics at hand. Shareholders who are unable to attend the meeting in person may normally vote by proxy, which they can do online or by mail. As discussed on Part 1 of this 2-Part blog series, AGM is a mandate and is a must to be performed every year in the manner prescribed by law. However, it's not free of dispute or conflict sparked by varied interests of promoters/ shareholders/investors.