ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    As per the Companies Act, 2013, the minimum gap between

    two Annual General Meetings (AGMs) should not be more than:
    A 12 months Correct Answer Incorrect Answer
    B 15 months Correct Answer Incorrect Answer
    C 18 months Correct Answer Incorrect Answer
    D 24 months Correct Answer Incorrect Answer
    E 6 months Correct Answer Incorrect Answer

    Solution

    Section 96 of the Companies Act, 2013, states that an AGM must be held every year. The gap between two AGMs should not exceed 15 months. However, the first AGM of a company can be held within 9 months from the closure of its first financial year.

    Practice Next
    More Financial Management Questions
    ask-question