CS Executive · Company Law and Practice · General Meetings
Zenith Polymers Ltd, an unlisted public company incorporated in 2019, closed its financial year on 31 March 2027. It has held AGMs in earlier years. Within what period from the close of the financial year must it ordinarily hold its AGM, assuming no extension is granted?
The company must hold its AGM within six months from the closing of its financial year. The nine-month period is available only for the first AGM, and the gap between two AGMs must not exceed fifteen months.
- AThree months
- BSix monthsCorrect
- CNine months
- DTwelve months
Explanation
Under section 96, for an AGM other than the first, the AGM must be held within six months from the close of the financial year, subject to the 15-month gap between two AGMs. Nine months applies only to the first AGM, so that option is wrong.
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