Joshua Fowler is the managing director of a family company, Berrymedia Pty Ltd. Joshua’s other brother, Karl and three sisters Lucinda, Claudia and Eden are the other shareholders and directors of the company. They always disagree and argue when it comes to the management of the company’s affairs.

Berrymedia has never actually held a shareholders’ meeting in the past, since the shareholders, except for Joshua and Lucinda, do not bother to attend these meetings. However, an annual general meeting now needs to be held and Joshua is worried that he needs to call and conduct the meeting.

Explain to Joshua the procedure he has to follow under the Corporations Act both in calling and holding the annual general meeting.

Answer rating: 100% (QA)

As per Corporations act 2001 pty Ltd company is a private limited company and the procedure to call for and held the annual general meeting is as foll... View the full answer