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CS Executive · Company Law and Practice · Annual Report - Concepts

Kaveri Pharma Ltd is a listed public company. Its board asks the company secretary what the report on each AGM must confirm besides being prepared in the prescribed manner. Which is correct?

The report must include confirmation that the AGM was convened, held and conducted in accordance with the Companies Act, 2013 and the rules made under it. Section 121(1) requires this from every listed public company in its report on each annual general meeting.

  1. AThat the dividend declared was paid within 30 days
  2. BThat the meeting was convened, held and conducted as per the Act and the rules made thereunderCorrect
  3. CThat all directors attended the meeting in person
  4. DThat the auditors were re-appointed for a further term

Explanation

Section 121(1) requires the report to include confirmation that the meeting was convened, held and conducted as per the Act and the rules. The other items are not statutory contents of the confirmation.

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