Which section of the Constitution outlines the structure of the legislative branch of government?
Article I of the Constitution establishes the legislative branch. Section 1 reads: All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.
What does the Constitution say about quorum?
Article I, Section 5, Clause 1 of the United States Constitution provides that “Each House shall be the Judge of the Elections, Returns and Qualifications of its own Members, and a Majority of each shall constitute a Quorum to do Business…”
Can one person constitute a valid meeting?
One-Man Meeting: To Convene a meeting, two or more persons must be present. A meeting cannot be constituted by one person.
Who can issue notice of EGM?
Issue Notice of Board Meeting to all the Directors of Company at their addresses registered with the Company, at least 7 days before the date of Board Meeting. A shorter notice can be issued in case of urgent business.
When can EGM be called?
An Extraordinary General Meeting (an EGM) can be defined as a meeting of shareholders which is not an Annual General Meeting(an AGM). It is held when some urgent issue becomes about the company arises or any situation of crisis and it requires the input of all senior executives and the Board.
What is the purpose of an EGM?
The extraordinary general meeting is used as a way to meet and deal with urgent matters that arise in between the annual shareholders’ meetings. An EGM might be called to deal with any of the following: The removal of an executive. A legal matter.
How do I request an EGM?
An extraordinary general meeting can be called by either a:
- committee member (if approved by the majority of voting committee members)
- written request signed by at least 25% of lot owners or their representatives.
- person authorised by an adjudicator’s order.
How do you convene an extraordinary general meeting?
Convening the EGM The EGM may be called by the Board of Directors. Shareholders holding at least one-tenth of the paid up capital may requisition the Board of Directors to hold an Extraordinary General Meeting. If the Board fails to accept their request, shareholders themselves may convene the meeting.