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What is the latest date that a public company, incorporated on May 2010,could hold its second Annual general meeting?
it says 31 dec 2013
I read in Kaplan text saying that a meeting should be held within 6 months following the financial yr end.. If I’m missing something over here pls explain it to me?If its the second meeting then it has incoporated on May 2010 to the first 18months is October 2011.
then any subsequent should be within Nov 2011-Jan 2013 ryt?
Am I wrong over hereWhat date in May was it incorporated?
Are you sure that the question asks about the SECOND annual general meeting?
Are you sure that you have typed the years correctly?
No matter what date in May the company was incorporated, the first meeting should be held no later than 6 months after the company’s first accounting year end. Assuming a twelve month first accounting period and assuming an incorporation date of May 1, the first meeting should be no later than October 31.
The second meeting should be no later than 15 months after the previous one so, assuming the first was held on October 31, 2011 the second should normally be no later than January 31, 2013
HOWEVER, there is also a requirement that there should be an annual general meeting each (calendar) year so the second meeting latest date is December 31, 2012
OK?
This was one of your questions in OT mock exam, So why do say 31 dec 2013 and why do u say 31 dec 2012?
Hi
If you have typed the dates correctly, then the answer should read December 31, 2012
How come the second meeting latest date be 31 dec 2012? why cant 31 jan 2013?
Why is the mock answer wrong? Because it’s a misprint that I didn’t spot.
I’m sorry!
6shahir, before I go ahead and amend the answer, will you please just check one more time and confirm that you have typed the question correctly?
It would be much appreciated 🙂
If the company was incorporated in May 2010 then the second yr financial year end date would be May 2011- April 2012 ryt?
then there is a requirement that a plc should have a meeting no less than six months following the financial year end plus U have typed that the second meeting should be within 15 months?
Im confused gud tym they never asked anything about meetings and resolutions 🙂Im sorry the answers in OT mock exam are correct. There are two questions asking for the date, First question the second AGM and another question asking for the third AGM
Srry!!! Anyway I got to tell this OT mock exam felt harder than the real exam, which gave me a wake up call to do more questions. Thnk U for that!!!And the moral of this experience? RTFQ!
Read the full question! Very carefully!
sorry but answer must be 31 January 2013, 18 month after incorporation- first meeting and second after 15 month ,if incorporation was made in 1may 2010, am I right?
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