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      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.

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