. Write note on Class Meetings


Best Answer

Explanation:

  • Class meetings are gatherings of shareholders who belong to a specific class, such as preference shareholders. 
  • When it is proposed to change the rights of a particular class of shares, such meetings are usually called. 
  • These members debate the benefits and drawbacks of the idea and vote appropriately. 
  • Class gatherings are held to pass goals that bind only the members of the class, and only those members are allowed to attend and vote.

Final answer:

Hence, the gatherings of shareholders who belong to a specific class, such as preference shareholders are known as Class Meetings.

 

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