New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    A company shall have its first annual general meeting,

    held within a period of ______________ from the date of closing of the first financial year of the company and in any other case, within a period of____________, from the date of closing of the financial year
    A Six months, Nine months Correct Answer Incorrect Answer
    B Nine months, Six months Correct Answer Incorrect Answer
    C Nineteen days, Sixteen days Correct Answer Incorrect Answer
    D Sixteen days, Nineteen days Correct Answer Incorrect Answer

    Solution

    Companies Act Section 96.Annual general meeting: (1) Every company  other than a  One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next: Provided that in case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year  of the company and in any other case, within a period of six months, from the date of closing of the financial year.

    Practice Next