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Annual general meeting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Annual general meeting

  • This topic has 3 replies, 3 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 19, 2016 at 12:57 am #327439
    billytron
    Member
    • Topics: 3
    • Replies: 0
    • ☆

    the annual general meeting must be held withing 6 months of the first incorporation.
    e.g 1 may 2010 date of incorporation
    first AGM 31Oct 2011

    and as i was solving your mock there was a question when will the second AGM will be held when the company incorporated on 1 May 2010 and the answer says 31Dec 2012 and i cant understand the logic. According to my logic it must be held on 31 OCT 2012 please help me with this ive got an exam of F4 Eng Cbe on Thrusday

    July 19, 2016 at 5:24 am #327460
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    First AGM must be held no later than 6 months after the first accounting reference date – so 18 months after incorporation (not withing 6 months of the first incorporation, as you have written)

    Second and subsequent AGMs must be held no more than 15 months after the previous one and, crucially, there shall be an AGM in every calendar year

    Look at the question again bearing in mind the 18 months, 15 months and EVERY CALENDAR YEAR rules

    Good luck on Thursday

    July 28, 2016 at 12:10 am #329913
    amanda062899j
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    I am stuck on this question as well. How do you arrive at 31 Dec 2012?

    -Incorporated on 1 May 2010
    -18 months after incorporation for the first AGM is 1 Nov 2011
    -15 months after the first AGM is 1 Feb 2012 or 31 Jan 2012 (my answer)

    July 28, 2016 at 7:15 am #329928
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Here’s part of my earlier response

    Look at it again and come back again if you still don’t understand

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