CA Foundation · Business Laws · The Companies Act, 2013
Vivek Pharma Ltd, a listed company, is calling its Annual General Meeting (AGM) by giving notice. What is the minimum period of clear notice that must ordinarily be given to members, unless a shorter notice is consented to as the Act permits?
The minimum notice is clear 21 days. A general meeting such as an AGM must ordinarily be called with at least 21 clear days' notice to members. Shorter notice is permitted only with the consent the Act requires, so 7, 14 or 30 days are not the standard period.
- A7 days
- B14 days
- C21 daysCorrect
- D30 days
Explanation
A general meeting, including an AGM, must be called by at least clear 21 days' notice in writing or electronic mode. Shorter notice is allowed only with consent of members as the Act specifies; for an AGM, consent of all members entitled to vote is needed. 14 days is a common mistaken figure and is not correct.
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