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Ceres plc last held an annual general meeting (AGM) on 31 Oct 2007.
when must the company hold its next AGM ?
A- 31 Oct 2009
B- 31 Dec 2009
C- within 6 months period after the accounting reference date.
D- within 9 months period after the accounting reference date.the correct answer is C.
can you please explain the reason ?I tend to teach this as being “within 18 months of incorporation” where it’s a new company but strictly the Act says “within 6 months of the first accounting period”
However …. Ceres is not here identified as a new company (unless you haven’t given me full information?)
So far as I am aware the answer should be “no more than 15 months after the previous AGM”
But I’ll check it
OK?
Ok, now checked
Section 336 of the 2006 Companies Act specifies “6 months after the accounting reference date” with no mention of “within 18 months of incorporation” nor any mention of “no more than 15 months after the previous AGM”
Clear now?
I agree to your answer which should be “no more than 15 months after the previous AGM”.
In the question the last AGM was held one 31 Oct 2007 so i believe the answer should be 31 Dec 2008 (which is no more than 15 months and also falls with in the next calendar year)
however 31 Dec 2008 is not mentioned in the option.
The question i have taken as it is from the latest Kaplan exam kit.
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