Hello,
I am totally confused with this piece of the lecture note on page 95:
Public companies must hold an AGM ? …every calendar year ( Gibson v Barton ) ? First no more than 18 months after incorporation ? Subsequent, no more than 15 months after previous
If I don't understand this I won't be able to do an exercise in the online test:
I can't get my mind around how can a company still hold agm each calendar year and still delay the meeting up to such number of months.
Ask the Tutor ACCA LW
Need help
6y ago#1Form the company on 1 January, 2015
First AGM no later than 30 June, 2016 (and is deemed to be the meeting for 2015 and 2016)
Second AGM no later than 30 September, 2017
Third (and subsequent) no later than 31 December
If formation date were 1 November, 2014, first AGM would be no later than 30 April, 2016
That meeting is deemed to be the meeting for 2014, 2015 and 2016
OK now?
Okay i got it but took me a while.
6y ago#3It does - you're not the first and you certainly won't be the last!
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