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Annual general meeting
Annual general meetingUnder the Companies Act 1985 a company must hold a meeting of shareholders in each calendar year to deal with matters such as the adoption of the previous year's financial statements, rotation of directors and the appointment of auditors. Shareholders may also use the opportunity to ask questions of the Board at the Annual General Meeting. RELATED TERMS-------------------------------------- Company An association of a number of individuals for the purpose of carrying on some legitimate business. Hold To decide, adjudge, decree. Whence also freehold and leasehold. "Holding", relating to ownership in property, embraces two idea: actual possession of some subject of property, and being invested with the legal title. It may be applied to anything the subject of property, in law or in equity. Each Every one of the two or more composing the whole. Calendar A list of cases scheduled for hearing in court. Adoption Civil law. The act by which a person chooses another from a strange family, to have all the rights of his own child. Directors Persons who are appointed to the board of directors under procedures contained in the Articles of Association are the directors of the company. Shadow directors may also be treated as directors in some circumstances. Executives whose job title describe them as a director but are not members of the board are not treated as directors, although they may have ostensible authority to bind the company as if they were. Appointment 1) Government, wills. The act by which a person is selected and invested with an office; as the appointment of a judge, of which the making out of his commission is conclusive evidence. 2) By appointment is also understood a public employment, nearly synonymous with office. Board This word is used to designate all the magistrates of a city or borough, or all the managers or directors of any institution; as, the board of aldermen; the board of directors of the Bank of North America. The majority of the board have in general the power to perform the acts of the whole board, but sometimes they are restrained by their charters, and it requires a greater number to perform certain acts. General 1) A principal officer, particularly in the army. 2) Something opposed to special; as, a general verdict, the general issue, which expressions are used in contradistinction to special verdict, special issue. 3) Principal, as the general post office. 4) Not select, as a general ship. 5) Not particular, as a general custom. 5) Not limited, as general jurisdiction. 7) This word is sometimes annexed or prefixed to other words to express or limit the extent of their signification; as Attorney General, Solicitor General, the General Assembly. SIMILAR TERMS-------------------------------------- Annual pension Scotch law. Annual rent. A yearly profit due to a creditor by way of interest for a given sum of money. Right of annual rent, the original right of burdening land with payment yearly for the payment of money. Annulment To make void; to cancel an event or judicial proceeding both retroactively and for the future. Where, for example, a marriage is annulled, it is struck from all records and stands as having never transpired in law. This differs from a divorce which merely cancels a valid marriage only from the date of the divorce. A marriage annulled stands, in law, as if never performed. Annum diem et vastum English law. The title which the king acquires in land, when a party, who held not of the king, is attainted of felony. He acquires the power not only to take the profits for a full year, but to waste and demolish houses, and to extirpate woods and trees. PREVIOUS AND NEXT TERMS-------------------------------------- Anniented From the French aneantir; abrogated or made null. Anno domini The computation of time from the incarnation of our Saviour which is used as the date of all public deeds in the United tites and Christian countries, on which account it is called the "vulgar vera." Annonae civiles Civil law. A species of rent issuing out of certain lands, which were paid to Rome monasteries. Annotation Civil law. The designation of a place of deportation. Annotations Remarks, notes, case summaries, or commentaries following statutes which describe interpretations of the statute. Annual general meeting Annual pension Scotch law. Annual rent. A yearly profit due to a creditor by way of interest for a given sum of money. Right of annual rent, the original right of burdening land with payment yearly for the payment of money. Annulment To make void; to cancel an event or judicial proceeding both retroactively and for the future. Where, for example, a marriage is annulled, it is struck from all records and stands as having never transpired in law. This differs from a divorce which merely cancels a valid marriage only from the date of the divorce. A marriage annulled stands, in law, as if never performed. Annum diem et vastum English law. The title which the king acquires in land, when a party, who held not of the king, is attainted of felony. He acquires the power not only to take the profits for a full year, but to waste and demolish houses, and to extirpate woods and trees. Anonymous Without name. This word is applied to such.books, letters or papers, which are published without the author's name. No man is bound to publish his name in connexion with a book or paper he has publisbed; but if the publication is libellous, he is equally responsible as if his name were published. Answer Practice. The declaration of a fact by a witness after a question has been put asking for it. 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