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