ICAB PL Corporate Laws And Practices Practice Questions - ICAB CA Professional Level Corporate Laws And Practices (Bangladesh) Exam

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Under section 81 of the Companies Act 1994, what is the latest date for a newly incorporated company's first annual general meeting, and what is the maximum gap between later AGMs?

First AGM within 18 months of incorporation; thereafter the interval between one AGM and the next must not exceed 15 months First AGM within 6 months of incorporation; thereafter every 12 months with no possible extension First AGM within 24 months of the certificate of commencement; thereafter every 18 months No first-AGM deadline; members may waive the AGM indefinitely by ordinary resolution

Correct Answer:

First AGM within 18 months of incorporation; thereafter the interval between one AGM and the next must not exceed 15 months

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