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)
• B. (2)&(5)
• C. (1),(3)&(5)
• D. None of the above

Answer 1

Answer: (D)

None of the above

As per section 102 of the Companies Act, 2013, all businesses are special except:

• the consideration of financial statements and the reports of the Board of Directors and auditors;
  
• the declaration of any dividend;
  
• the appointment of directors in place of those retiring;
  
• the appointment of, and the fixing of the remuneration of, the auditors;