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Hi. There is a question in the mock exam about a company incorporated on the 1st May 2010 and the question is what is the latest date by which it must have held its 3rd AGM. I calculated the answer as follows:
1st AGM within 18 months of incorporation: 31st Oct 2011
2nd AGM: within 15 months: 31st Dec 2012 (because there must be one in each year)
3rd AGM: within 15 months: 31st Dec 2013 (again because there must be an AGM in 2013). But this answer is not correct. Can you explain why?Thanks!
If this is a question from the open tuition mock, then I believe that the question asks for the latest date of the second agm
I don’t think that I have ever asked for the date of the third agm
If I had done, my reasoning would have been the same as yours – 31 October, 2011, 31 December, 2012 and therefore 31 December, 2013
What does the mock exam answer give you?
Yes, is asking for the 3rd AGM and is the open tuition mock exam. I also put 31 December 2013 but the answer is ‘non of the answers are correct’ The other answers were somewhere in 2014 and March 2013 or something like, definitely not.
Laura, I’ll need to see the question (and I’m on holiday at the moment so unlikely to find it whilst away)
The only thing I can think of is that the question relates to a private company and, if that’s the case, then it need not have an agm
But I’ll check it when I get home
OK?
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