F4ENG Chapter 12 Questions
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Hello sir,
To remove a auditor after completion of one year from appointment is special resolution required or ordinary resolution and is it special business
Ordinary resolution, special notice, special business
NOT special resolution
The first AGM must be held within 18 months of incorporation. So that gets us to 31 October, 2016
Subsequent AGMs must be held no more that 15 months after the previous AGM. So that gets us to 31 January, 2018
But according to the law (and the case Gibson v Barton) there shall be at least one AGM in each (calendar) year and if you choose 31 January, 2018 then there has been no AGM in 2017
OK?
Yes, now I understood. Thank you 馃檪
You’re welcome
Question 4:
What is the latest date that a public company, incorporated on 1 May 2015, can hold its second annual general meeting?
(A) 31 December 2017
(B) 31 January 2018
Dear Sir,
For the above question, I chose answer (B) but the system is showing answer (A) as the correct answer. Please let me know whether this is a technical error or indeed (A) is the correct answer.
In case you confirm that (A) is the correct answer, please elucidate me with the reasoning.