Full formBusiness & Corporate
SGMstands forSpecial General Meeting
Full Form of SGM
What is SGM?
A Special General Meeting (SGM) is an extraordinary gathering of shareholders or members of a company, convened to discuss and resolve urgent or critical matters that cannot be deferred until the next Annual General Meeting. In India, the provisions related to SGMs are laid down under Sections 100 to 111 of the Companies Act, 2013, which specify the conditions, notice period, and procedures for calling such meetings. Companies typically call an SGM to address significant issues such as amendments to the Articles of Association, removal or appointment of directors, approval of mergers and acquisitions, raising of fresh capital, or even the winding up of the company. The meeting can be requisitioned by the Board of Directors or by shareholders holding at least one-tenth of the paid-up share capital of the company. A clear written notice of at least 21 days must be served to all members before the scheduled date. SGMs play a crucial role in ensuring transparency and timely decision-making in corporate governance across Indian businesses.
SGM का फुल फॉर्म
विशेष सामान्य बैठक
Example
The board of directors called a Special General Meeting to seek shareholders' approval for the proposed acquisition of the Mumbai-based fintech startup.
SGM — frequently asked questions
What is the full form of SGM?
SGM stands for Special General Meeting, which is an extraordinary meeting of shareholders convened to address urgent business matters in a company.
When is a Special General Meeting called in an Indian company?
An SGM is called when urgent matters arise that cannot wait until the next Annual General Meeting, such as mergers, removal of directors, or amendments to articles.
Who can requisition a Special General Meeting in India?
Under the Companies Act 2013, the Board of Directors or shareholders holding at least one-tenth of the paid-up share capital of the company can requisition an SGM.