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31-720: In 1984, the Banque Française Commerciale (BFC; the former Franco-Chinese Bank ) restructured itself as a holding company. It established three legally and operationally distinct companies: Banque Française Commerciale en France Métropolitaine (BFC), with branches in France; BFCOI, with branches in Reunion, Mayotte and the Seychelles; and Banque Française Commerciale Antilles-Guyane (BFCAG), with branches in French Guiana and

62-429: A board of directors , making important decisions regarding the organization, and informing the members of previous and future activities. At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future. At the annual general meeting, the president or chairman of

93-860: A representative office in Phnom Penh. By then, its remaining branch locations were in Saigon , Chợ Lớn and Khánh Hưng in South Vietnam , and Tananarive and Tamatave in Madagascar. In 1965, the government of South Vietnam wished to create a domestic bank sector. The BFC participated in the creation of the Banque pour le Commerce, l'Industrie et l'Agriculture (Vietnamese: Nong Cong Thuong Ngan Hang ) with South Vietnamese management seconded from BFC. A change in French law in 1967 liberalized branching, enabling BFC to increase

124-457: Is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders . These meetings may be required by law or by the constitution , charter , or by-laws governing the body. The meetings are held to conduct business on behalf of the organization or company. An organization may conduct its business at the annual general meeting. The business may include electing

155-845: The Banque Antillaise with operations in the French West Indies , and opened a branch in French Guiana . It also opened branches in 1981 in the Seychelles , and in 1982 in Dominica . By early 1975, the Banque de l'Indochine held 79 percent of the BFC's equity. In 1985, Banque Indosuez , the successor entity of the Banque de l'Indochine since 1975, decided to split BFC into three entities with respective operations in France (BFC-France), Reunion, Mayotte and

186-720: The Khmer Rouge regime, the bank's representative, an ethnic Chinese, and his family were all assassinated. BFC decided to pivot towards the Indian Ocean . In 1976 it established a branch in Réunion , and also established a branch in Mayotte at the request of the French Government, as the island's pre-existing banking services disappeared after its split from the Comoros . In 1979, BFC acquired

217-666: The Antilles. Banque Indosuez owned the entire share capital of all three entities. Banque Indosuez sold a majority position (66.66%) in BFCOI to Mauritius Commercial Bank (MCB) in 1996; Banque Indosuez retained 22.22%. The next year, BFCOI opened a branch in Paris. In 1997, BFCOI opened a representative office in Mozambique . In 2000, MCB acquired the minority stake Crédit Agricole Indosuez held in BFCOI, increasing its stake to 88.88%. This followed

248-504: The Companies Act 2013 ("Act") regulates the requirement to conduct an annual meeting of the members to discuss the four ordinary businesses. As per section 96 of the Act, every Company requires to conduct such a meeting by serving a notice of 21 days minimum length prior to the meeting either at the latest known address or email id of the members. However, a company may conduct such meeting through

279-727: The French defeat in 1954 at Diên Biên Phu , the bank closed its offices in North Vietnam but still expanded in South Vietnam and Cambodia, with branches in Battambang and Kampong Cham . In 1960, the Banque de l'Indochine purchased the shares in the Franco-Chinese Bank formerly held by the BPPB and Lazard. In 1963, Cambodia nationalized its banking sector, though the BFC was allowed to retain

310-479: The Seychelles ( Banque Française Commerciale Océan Indien / BFCOI); and the French West Indies and Guiana ( Banque Française Commerciale Antilles-Guyane / BFCAG). BFC-France was acquired in 1989 by Istituto Bancario San Paolo di Torino . In 1992, Mauritius Commercial Bank acquired BFCOI, of which Société Générale purchased 50 percent in 2003. BFCAG was acquired by Crédit Agricole in 1996 together with

341-632: The bank only retained Asian branch offices in Beijing, Shanghai and Tianjin in Chine, and Hanoi, Saigon and Phnom Penh in Indochina. In 1951, having lost its Chinese business to the country's Communist Revolution (the branches formally closed in 1955) and realizing that its geographical concentration in Indochina entailed high risk, the bank sought to diversify by establishing branches in French Madagascar . After

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372-638: The board of directors and transact other business that requires shareholder approval. Notice of the annual general meeting must be in writing and is subject to a minimum notice period that varies by state. In 2007, the Securities and Exchange Commission voted to require all public companies to make their annual meeting materials available online. The final rules required compliance by large accelerated filers beginning on January 1, 2008, and by all other filers beginning on January 1, 2009. The "e-proxy" rules allow two methods for companies to deliver their proxy materials,

403-749: The dispensation. In this case, an AGM must be held if at least 3 months remain to its due date. If a private company decides to have AGMs, it must adhere to the deadlines. The annual general meeting must be held within 6 months after the FYE. Next, every company must lodge the obligatory annual return within one month after its AGM. In the United Kingdom it became optional with effect from 1 October 2007 for any private company to hold an AGM, unless its articles of association specifically require it to do so. Every state requires public companies incorporated within it to hold an annual general meeting of shareholders to elect

434-404: The financial year end (FYE). To dispense with AGMs, company members need to pass a resolution. All the shareholders must endorse the document for it to come into force. Having dispensed with AGMs, companies pass written resolutions on matters that would otherwise be discussed at AGMs. The resolution putting an end to AGMs may cease to be in force – members can adopt a new resolution to revoke

465-404: The issue of a notice of shorter length with prior approval of not less than 95 % of the members entitled to vote at such meeting. The members elects the auditors of the company in the annual general meeting. The Act also mandates that such meeting shall be within prescribed time 9:00 am to 6:00 pm, to be not held on national holidays, and also to be conducted at the place/ town/ village where

496-598: The late 1930s. It closed its branch in Haiphong from October 1936. In late 1936 it was persuaded by Jean Monnet to partner with the China Development Finance Corporation for infrastructure development in China, but the plan was compromised by the second Sino-Japanese War . Its capital was restructured in 1938 with participation by the BPPB, the Banque de l'Indochine , and Lazard frères & Cie . By 1939,

527-573: The latter's dominance in the new entity. The registered office of the Société de gérance was the same as that of the BIC, 74 rue Saint-Lazare in Paris . By 1924 it had revived the BIC's activities in most of its past branches in France ( Lyon and Marseille ), China Beijing , Guangzhou , Hankou , Hong Kong , Shanghai and Tianjin ), and French Indochina ( Haiphong , Hanoi and Saigon ). On 26 November 1925,

558-528: The number of its branches in mainland France. In Madagascar, the BFC's operations were affected by political turmoil that commenced in 1972. In 1975, the Malagasy Republic nationalized its operations and transferred them to the Banque Financière et Commerciale Malagache . That same year, the fall of Saigon put an end to the BFC's activity in South Vietnam. In Cambodia, during the terror launched by

589-408: The organization presides over the meeting and may give an overall status of the organization. The secretary prepares the minutes and may be asked to read important papers. The treasurer may present a financial report. Other officers, the board of directors , and committees may give their reports. Attending this meeting are the members or the shareholders of the organization, depending on

620-715: The other countries, every Company incorporated in India require to conduct such meeting on or before the due date on the last day of the sixth month of every closing of the financial year. In India, the Act has recently undergone major changes. The Corporate Affairs Ministry has recently enforced a new amendment act 'Companies 2nd Amendment Act 2017' from 26 January 2018. In Singapore, only public companies must hold AGMs. With effect from 31 August 2018, private limited companies can decide whether they want AGMs or not. Private companies can be exempted from holding AGMs if they send their financial statements to their members within five months after

651-501: The registered office of the company situated. However, in the recent trends, as per the latest amendment notified by the Corporate Affairs ministry in India, the unlisted public companies may conduct such meeting in any part of India by taking in advance unanimous approval from all the members in writing or electronically. The four business includes 1) Financial statement approval 2) Appointment of Director 3) Appointment & to fix

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682-478: The remuneration of statutory auditor 4) Declare the dividend In India, the Companies Act 2013 ("Act") regulates the requirement to conduct a meeting of its members have participation/ hold in the share capital of the company to meet on annual basis in a general meeting called annual general meeting within the prescribed time window the of 9:00 am to 6:00 pm on other than national holidays to discuss some important business includes financial statements approval. Unlike

713-467: The rest of Banque Indosuez, and was fully absorbed into Credit Agricole's subsidiary LCL S.A. in 2015. The following individuals were chairmen of the board of BFC: Goerges Carrère was the bank's general manager until joining the board of directors in March 1936. He had no successor on that position. Annual general meeting An annual general meeting ( AGM , also known as the annual meeting )

744-599: The scope of the agreement. Instead, MCB incorporated a new fully owned subsidiary, The Mauritius Commercial Bank (Seychelles), trading under the name of MCB Seychelles, to take over the assets and liabilities of the Seychelles-based banking network of BFCOI. Banque Fran%C3%A7aise Commerciale The Franco-Chinese Bank , in French Banque Franco-Chinoise (BFC) , full name Banque Franco-Chinoise pour le Commerce et l’Industrie ( Chinese : 中法工商银行 ),

775-808: The shareholders of the Société de gérance approved its renaming as the Franco-Chinese Bank. The bank developed its network in Indochina, opening new branch offices in Vinh (June 1927), Tourane (September 1927), and Huế (September 1927). A new art deco building for its branch in Hanoi was inaugurated on 27 October 1930; as of 2022 it still existed and was used by the Vietnamese Ministry of Industry and Trade . By 1931 another branch office existed in Quy Nhon , and by 1932 in Phnom Penh . The bank faced difficulties in

806-605: The takeover of Banque Indosuez by the Crédit Agricole Group, which itself had operations in both Reunion and Mayotte in direct competition with BFCOI. BFCOI became the representative of Banque française mutualiste  [ fr ] in the Indian Ocean region. In early 2003, the Bank finalized an agreement with Société Générale , establishing joint (50:50) ownership of BFCOI. However, BFCOI's Seychelles operations fell outside

837-597: The type of organization. At such meeting, the Company Secretary of the Company plays a crucial role in convening, conduct, and to attend the meeting. They may be supported by their Corporate Secretarial team. Under the Canada Not-for-Profit Corporations Act non-profit Canadian organizations must hold an annual general meeting and report its date to the government in its annual report. In India,

868-678: Was a French bank with operations in China and French Indochina , and later in the Indian Ocean and the French West Indies . In 1925 it succeeded the Société française de gérance de la Banque industrielle de Chine , an asset management company that had been formed in October 1922 following the closure of the Banque Industrielle de Chine . In 1964, after the loss of much of its original activity in Asia, its name

899-489: Was changed to Banque Française pour le Commerce , and in 1968, to Banque Française Commerciale , thus preserving the acronym BFC. The BFC brand survives in Banque Française Commerciale Océan Indien , since 2003 a joint venture between Mauritius Commercial Bank and Société Générale with operations in Réunion and Mayotte . The Société française de gérance de la Banque industrielle de Chine

930-416: Was created in October 1922 to manage the Banque Industrielle de Chine (BIC), which had been under bankruptcy protection since July 1921. Its chairman was Gaston Griolet  [ fr ] , the chairman of the Banque de Paris et des Pays-Bas (BPPB) which had a leading role in the BIC's restructuring; Georges Carrère was appointed general manager ( French : directeur général ). A management agreement

961-514: Was immediately signed between the BIC and the Société de gérance , allowing the latter to take over the administration of the former. In addition to the BPPB, shareholders of the Société de gérance included the Banque Française pour le Commerce et l'Industrie and the Banque de la Seine . Its first annual general meeting in December 1923 was held in the premises of the BPPB, emphasizing

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