A managing director of Askot Sugar Mills Limited, a listed company with 6000 members, wants to convene the next annual general meeting (AGM) through video conferencing. Apprise him on the following issues in this respect

CS Executive · Company Law · PYQS · December 2024
A managing director of Askot Sugar Mills Limited, a listed company with 6000 members, wants to convene the next annual general meeting (AGM) through video conferencing. Apprise him on the following issues in this respect with reference to the provisions of the Companies Act, 2013: Do the shareholders have a right to demand recording of proceedings of the virtual AGM ?

Answer & Explanation:

Recording of the General Meetings held through VC or OAVM is not mandatory as per law and only the recorded transcript has to be maintained. Therefore, a shareholder/director cannot ask for the recording of meeting conducted through VC or OAVM. Even if the company records the meeting it's only for their internal purpose.

Topics: General Meetings

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