Skip to content

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

Meghdoot Pvt Ltd is a private company, and Orion Infra Ltd is an unlisted public company. Both held AGMs this year. Based on Section 121, what is their position on preparing the AGM report?

Neither company must prepare the Section 121 report, because the obligation applies only to listed public companies. A private company and an unlisted public company are outside the provision, so no filing with the Registrar under that section arises.

  1. ANeither is bound by Section 121, which applies to listed public companiesCorrect
  2. BBoth must prepare and file the report within thirty days
  3. COnly the unlisted public company must file it
  4. DOnly the private company must file it, with the Registrar's approval

Explanation

Section 121(1) places the duty on every listed public company. A private company and an unlisted public company fall outside this section, so no Section 121 report is required from them.

Did you get it right without looking?

One question tells you little. A timed set on Annual Report - Concepts shows your real accuracy, how long you take and where you lose marks.

Practise Annual Report - ConceptsFree diagnostic mock

More Annual Report - Concepts questions