Question

Which of the following business is NOT transacted at the AGM?

• A. Appointment of directors
• B. Declaration of dividend
• C. Appointment of auditors
• D. Making calls on shares

Answer 1

The correct option is D Making calls on shares

Making calls on shares is not transacted at the AGM. On an annual general meeting, making calls on shares is not permissible. A company make calls on shares whenever the company demand from their shareholders to pay a part or full unpaid amount of shares.