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

Sunrise Textiles Ltd, a listed public company, held its annual general meeting on 10 September. Under Section 121 of the Companies Act, 2013, which statement correctly describes its obligation regarding a report on that meeting?

A listed public company must prepare a report on each annual general meeting in the prescribed manner, confirming that the meeting was convened, held and conducted as per the Companies Act and rules. The duty applies to every AGM, regardless of polls or Registrar requests.

  1. AIt must prepare a report on the AGM, including confirmation that the meeting was convened, held and conducted as per the Act and rulesCorrect
  2. BIt need prepare a report only if some resolution was passed by poll
  3. CIt must prepare a report only if the Registrar asks for it
  4. DIt must prepare a report only for the first AGM after listing

Explanation

Section 121(1) requires every listed public company to prepare, in the prescribed manner, a report on each AGM with a confirmation that the meeting was convened, held and conducted as per the Act and rules. The duty is not conditional on a poll, a Registrar request or the first AGM.

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