Question

Which of the following statements is not true in respect of holding the Annual General Meeting?

• A. AGM should be held in every calender year
• B. AGM should be held within six months from the end of financial year
• C. The gap between two AGM's should not exceed fifteen months
• D. Private company is not required to hold an AGM

Answer 1

The correct option is D Private company is not required to hold an AGM

Private company is not required to hold an AGM- this statement is not true in respect of holding the Annual General Meeting. Every private company must hold an Annual General Meeting. It is conducted by the Board of Directors in order to discuss about the plan and policies which are to be taken to run the company.