What is a General Body Meeting (GBM)?
It is a meeting of the shareholders, and being the most powerful body of any company, the GBM takes all the decisions regarding the working of the company. Held annually, this meeting is also called the Annual General Meeting (AGM), and discusses among other issues, the performance of the company in the previous accounting period and even finalizes the accounts. The AGM also appoints Auditors and Directors for the company, approves of the dividend declared by the company (it also has a right to lower the dividend).Statutorily, the period between two AGMs shouldnot exceed 18 months.
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