recently i have taken a practise test on opentuition.
the question states ‘a public company incorporated on 1st may 2010 could hold its second annual general meeting when?
1. 31 december 2012
2. 31 october 2011
3. 30 april 2012
4. 31 january 2013
the answer is 1, but how?
18 months gets us to 31 October, 2011
15 months takes us to 31 January, 2013
But there has to be an AGM every calendar year and there isn’t one in 2012
So the latest date for the second AGM has to be 31 December, 2012
Firstly, i thank you for replying to my post.
Secondly, doesnt 15 months take you to 31st July 2011? from the date of incorporation (1st may 2010)
please can you explain this further if possible.
it will be very beneficial for me
1st AGM must be within 18 months (strictly, it’s 6 months after the first accounting year end, but I always say that that’s 18 months!)
Subsequent AGMs must be held within 15 months of the previous AGM
Does that do it for you?
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