| Basis | Shareholder’s Meeting (Annual General Meeting) | Board Meeting (Director’s Meeting) |
| 1. Meaning | It is the meeting of all the members or shareholders of the company. | It is the meeting of all the Directors of the company. |
| 2. Number of times | Annual General Meeting is held once every year. Extra Ordinary General Meeting is held to discuss urgent and important matters. It is called in between two Annual General Meetings. | Minimum 4 meetings to be held in a year and the gap between two meetings should not be more than 120 days. |
| 3. Quorum | Quorum in case of Public Company is as follows: | No. of Shareholders | Quorum | | Up to 1000 | 5 members | | 1000-5000 | 15 members | | More than 5000 | 30 members |
In the case of the private company, 2 members present in person shall be the quorum. | The quorum for the Board Meeting is a minimum of 2 Directors or 1/3rd of its total Directors whichever is higher. |
| 4. Proxy | Members can appoint a proxy to attend and vote at the meeting on their behalf. | Directors cannot appoint a proxy to attend and vote at the meeting. |
| 5. Notice | Notice of shareholder’s meeting must be sent to all the members at least 21 clear days before the meeting. | Notice of Board Meeting must be sent to every Director at least 7 days before the meeting. |
| 6. Purpose | The purpose of this meeting is to take approvals from shareholders on the Annual Report, Appointment of Auditor, etc. | The purpose of this meeting is to discuss policy matters, future planning, etc. |
