What are the requisites of a valid meeting?

1. The meeting must have been convened by the proper authority. The proper authorities are:-

(i)       Board of Directors:- General Meeting

(ii)     Shareholders :- Extra ordinary General Meeting

(iii)    The Company Law Board:- For AGM and EGM on petition from the directors or shareholders.

2. Proper and adequate notice must have been served to all those entitled to attend the meeting.
3. For a valid meeting the provision given in the Articles as to the quorum is to be followed.
4. For a meeting to precede a ‘chairman’ is to be elected as per the provision of the Articles.
5. Proper minutes of the meeting are to be kept by the proper authority.