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Question

Which of the following is special business?
(1) Consideration of financial statements
(2) Consideration of reports of the board of directors and auditors
(3) Declaration of any dividend
(4) Appointment of directors in place of those retiring
(5) Appointment of, and the fixing of the remuneration of, the auditors
Select the correct answer from the options given below:

A
(1), (3) & (4)
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B
(2) & (5)
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C
(1), (3) & (5)
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D
None of the above
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Solution

The correct option is A (1), (3) & (4)
Director appointed at Board meeting whose term expires on the 3 declaration of dividend in an AGM is a special business for which explanatory statement .As per sec 173 (1)(a) all the business except every other in the place of those retiring is an item of ordinary business to be.

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