Skip to content

CS Executive · Company Law and Practice · General Meetings

A valid requisition for an EGM of Arjun Engineering Ltd is received at its registered office on 1 March. The Board does nothing. By what date must the Board have proceeded to call the meeting, and what is the latest day for the meeting if the Board calls it?

The Board must proceed to call the meeting within 21 days of receiving a valid requisition, fixing a meeting day not later than 45 days from receipt. If it fails, the requisitionists may call the meeting themselves within three months of the requisition.

  1. AProceed to call within 21 days of receipt (by 22 March); meeting on a day not later than 45 days from receiptCorrect
  2. BProceed to call within 45 days of receipt; meeting within 90 days of receipt
  3. CProceed to call within 30 days of receipt; meeting within 60 days of receipt
  4. DProceed to call within 21 days of receipt; meeting within three months of receipt

Explanation

The Board must, within twenty-one days of receiving a valid requisition, proceed to call a meeting for a day not later than forty-five days from receipt. Otherwise the requisitionists may call it themselves. The three-month period applies to the requisitionists, not to the Board.

Did you get it right without looking?

One question tells you little. A timed set on General Meetings shows your real accuracy, how long you take and where you lose marks.

Practise General MeetingsFree diagnostic mock

More General Meetings questions