CS Executive · Company Law and Practice · Annual Report - Concepts
Which of the following companies is required by Section 121 to prepare a report on its annual general meeting?
A listed public company must prepare the AGM report. Section 121(1) applies only to every listed public company, so unlisted public companies, private companies and One Person Companies are not covered regardless of their size or turnover.
- AAn unlisted public company with 500 members
- BA private company with a turnover of Rs 200 crore
- CA One Person Company
- DA listed public companyCorrect
Explanation
Section 121(1) applies to every listed public company. Size, turnover or membership of an unlisted or private company does not bring it within the section.
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