| Points | Annual General Meeting | Extraordinary General Meeting |
| 1. Meaning | It is a meeting of shareholders held once in a year as per the provisions of Section 96 of the Companies Act, 2013. | It is a meeting of shareholders held under special conditions to discuss urgent and important matters as per the provisions of Section 100 of the Companies Act, 2013. |
| 2. Purpose | The purpose is to give information about the progress made by the company during the year. | The purpose is to discuss urgent and important matters that cannot be postponed till next Annual General Meeting. |
| 3. Number of times | The first Annual General Meeting is held within 9 months of the completion of the financial year and the subsequent Annual General Meeting is held within 6 months of the completion of the financial year. | Extraordinary General Meeting is held anytime between two Annual General Meetings. |
| 4. Authority | Annual General Meeting is normally called by the Board of Directors and can be called by the Central Government under special circumstances. | Extra-ordinary General Meeting can be called by: - Board of Directors
- Board of Directors on the requisition of members
- The National Company Law Tribunal
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| 5. Business transacted | - To approve annual accounts
- To approve Auditors and Director’s Report
- To appoint Auditors, Directors, etc.
- To declare a dividend.
| - To alter Articles of Association.
- To alter Memorandum of Association.
- Removal of Director.
- Voluntary winding up of a company.
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| 6. Penalty | In case of default in holding Annual General Meeting, every officer concerned is punishable with a fine upto ₹ 1,00,000 and fine of ₹ 5,000 per day till default continues. | If the directors fail to hold this meeting on requisition, the requisionist themselves can hold it and recover the expenses from defaulting directors. |
