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CA Inter P2 · Chapter 6 · Question 6 of 10

Under section 101(1), an annual general meeting may be called at shorter notice than twenty-one clear days if consent in writing or by electronic mode is given by:

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Reveal answer & explanation

Correct answer: A) Not less than ninety-five per cent of the members entitled to vote at the meeting

Explanation

The proviso to section 101(1) allows an AGM to be called at shorter notice with the consent of not less than ninety-five per cent of the members entitled to vote. For any other general meeting, consent is needed from a majority in number of members entitled to vote who hold at least ninety-five per cent of the paid-up voting capital (or total voting power).

All 10 questions in Chapter 6Management and Administration MCQs with answers

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