In relation to the provisions of the Companies Act of the Laws of Kenya, outline general provisions relating to meeting and votes

In relation to the provisions of the Companies Act of the Laws of Kenya, outline general provisions relating to meeting and votes

ANSWER
The Companies Act, recognises the following meetings :
• Statutory Meeting.
• Annual General Meeting.
• Extra Ordinary General Meeting.
• Class Meetings.
• Directors meetings
• Creditors meeting.

Generally, the following constitutes the requisites of a meeting:

• Notice of the meeting.
• Proper authority to convene the meeting.
• Quorum for the meeting.
• Chairman of the meeting.
• Taking of minutes of the meeting.
• Voting in a company meeting can either be on a poll or show of hands. By show of hands – one member has one vote. By Poll depends on the number of shares a member holds. Under Table A one share is one vote.
• The results of the voting are declared the Chairman.
• Members are free to appoint a proxy who can only vote a poll.