Question

Select the correct option given below:

__________ is a meeting which is held once in every financial year.

• A. Statutory meeting
  
• B. Annual General meeting
  
• C. Extra-Ordinary General meeting
  
• D. None of these
  

Answer 1

Answer: (B)

Annual General meeting

As per section 96 of the Companies Act, 2013 A meeting of members of the company where the annual report is presented for adoption is called the Annual general meeting and it is to be held annually by every company except one person company (OPC). A company must hold its AGM within a period of six months from the end of the financial year and to remember the time gap between two annual general meetings should not exceed 15 months.

Thus the correct answer is B.