- 1 Marks
Question
The period between two Annual General Meetings must not exceed:
A. 18 months
B. 15 months
C. 13 months
D. 12 months
E. 6 months
Answer
B. 15 months
Explanation:
According to company law, the maximum period between two Annual General Meetings (AGMs) is typically 15 months. This rule ensures regular accountability and governance within companies, allowing shareholders to review the company’s performance annually.
- Tags: EFCC, Financial Crimes, Financial Institution Reporting
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2011
- Uploader: Theophilus