What is AGM : Annaul General Meeting ?
AGM is a yearly gathering of shareholders of the company, required by the law,
for each accounting period in order to inform the shareholders (Owners) about
the business – how it is going, future planning and strategies, permission of
major and big decisions, knowing the profit and loss status etc.
Board of Directors proposed a reasonable date for the AGM, they also inform and invite the shareholders (in written )
for the meeting before a reasonable days of the meeting’s date.
For Example: All the companies held AGM each year , on that meeting they approve or alter proposed dividend if they wish.
1. Cash Dividend
2. Stock Dividend