Definition
An Annual General Meeting (AGM) is a mandatory meeting held by a company once a year to discuss and vote on key issues such as financial performance, election of directors, appointment of auditors, and approval of financial statements. AGMs provide shareholders with an opportunity to engage with management, ask questions, and exercise their voting rights. AGMs are a crucial aspect of corporate governance and transparency.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.