CA Inter P2 · Chapter 6 · Question 4 of 10
Garnet Ltd held its last AGM on 25 July of Year 1. Its financial year ended on 31 March of Year 2. Ignoring any extension by the Registrar, what is the latest date by which it must hold its next AGM?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) 30 September of Year 2
Explanation
Section 96(1) requires a subsequent AGM within six months of the close of the financial year, and not more than fifteen months between two AGMs. Six months from 31 March Year 2 is 30 September Year 2. Fifteen months from 25 July Year 1 is 25 October Year 2. The earlier of the two, 30 September Year 2, is the deadline.
More Management and Administration MCQs
- Q6Under section 101(1), an annual general meeting may be called at shorter notice than twenty-one clear days if consent in writing or by…
- Q7Unless the articles require a larger number, what is the quorum for a general meeting of a public company with 3,200 members on the date…
- Q8Which of the following statements about proxies under section 105 is correct?
- Q9At a general meeting of Coral Ltd, a resolution was proposed as a special resolution after due notice. 3,000 votes were cast in favour…
- Q10Under the Companies Act, 2013, special notice under section 115 is required for a resolution to: