Which meeting is generally held once in each year by a company to consider ordinary annual matters?
Correct answer: A. Annual general meeting
- A. Annual general meeting
- B. Class meeting
- C. Creditors’ meeting
- D. Board committee meeting
Explanation
An annual general meeting, commonly called an AGM, deals with recurring matters such as financial statements, reports and the appointment or confirmation of auditors where required. A class meeting concerns the rights of a particular class of shareholders.
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About Company Law Basics
Company law covers incorporation, separate legal personality, limited liability, shares, the memorandum and articles of association, and the powers and duties of directors. It also includes shareholder meetings, resolutions, company records, audit, winding up and the differences between a registered company, partnership and sole proprietorship.
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