general meeting

general meeting
Companies are ultimately controlled by their shareholders voting in general meeting. Meetings of shareholders are convened by formal notice. The procedure is contained in the Articles of Association. Ordinary resolutions (ordinary resolution)are passed by a simple majority of shareholders present in person or in proxy voting at the meeting. Special resolutions (special resolution) require a 75% majority.

Easyform Glossary of Law Terms. — UK law terms.

general meeting
a meeting of the members of a company. A company exercises control and does such acts as are reserved to it by the votes of the majority at general meetings. The meetings have to be properly convened with due notice having been given. If the articles provide for a quorum, that requirement has to be met before business can be conducted. See annual general meeting.

Collins dictionary of law. . 2001.

general meeting
Formerly known as an extraordinary general meeting. A non-routine meeting of a company called for a specific purpose. A general meeting may be called by the directors of the company or requisitioned by members holding at least 10% of the paid-up voting capital of a public or private company or, in certain cases, 5% of the paid-up voting capital of a private company (section 303, Companies Act 2006). The length of notice required for a general meeting is 14 days unless the requisite majority of members has agreed to short notice (section 307, Companies Act 2006).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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