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Dear Mr Mike
I did the revision question (variant) however I don’t understand the following answer provided.
Within a time period must the public company hold an annual general meeting after the previous annual general meeting?
15 months
By 31 December of the following year
12 months
18 monthsMy answer was 18 months. Plc must hold an AGM within the 6
months following their financial year, but it was wrong. The correct answer is 15 months. Why? Could you please help.Apologies if you had already replied to this question, however I could not find it in forum.
Thanks
Gabbi
Hi Sir,
About company secretary: Can a public limited company be a company secretary?
ThanksGabbi
Annual general meetings – the first must be held within 6 months of the first accounting reference date (ie the first year end for our purposes)
Subsequent must be held with no more than a 15 month gap since the previous AND there must be an agm in each calendar year
Ok?
Company secretary – yes! A Plc is a person in law …. but the individual human that signs on behalf of the Plc secretary must be appropriately qualified
Ok?
Gabriella,
Since the topic of AGM’s follow the Companies Act of 1956, the first AGM should be held within a period of no more than 18 months after incorporation and subsequently no more than 15 months after the first.
Mike, please let me know if this is the correct context, since the OT tests present questions where 18 months and 15 months are valid time periods for AGM’s
Thanks
AvnishCompanies Act 1956????? Where’s that come from?
Technically it’s “no more than 6 months after the first accounting year end” which equates loosely to 18 months after incorporation – but I emphasise “loosely”
That time period applies only to the first AGM
Subsequent AGMs must be held with no more that a 15 month gap since the previous AGM
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