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ACCA Applied Skills · Corporate and Business Law (Global) · Company meetings and resolutions

Zephyr Holdings Ltd is a private company with 40 members. Its directors want to hold a meeting of all members once a year to approve the accounts and appoint the auditors. In company law, what is this type of meeting called?

The yearly meeting of members that deals with routine business such as accounts and auditor appointment is the annual general meeting. An extraordinary general meeting is any other general meeting, a class meeting involves one class only, and a board meeting is for directors.

  1. AAn annual general meetingCorrect
  2. BAn extraordinary general meeting
  3. CA class meeting
  4. DA board meeting

Explanation

A meeting held once each year for the members, usually to receive the accounts, appoint auditors and deal with other routine business, is an annual general meeting. An extraordinary general meeting is any other general meeting of members called for specific business during the year. A class meeting involves only one class of shareholders, and a board meeting is attended by directors, not members.

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