- 10 Marks
BL – May 2017 – L1 – SB – Q2a – Company Law
Details the requirements for holding an Annual General Meeting, intervals between meetings, and the necessary ordinary businesses a company must carry out.
Question
Ajiogbe Plc has just been incorporated as a manufacturing company. It desires to uphold all laws and business ethics. Consequently, the directors have approached you for an advice on the following matters that relate to the General Meeting:
i. The maximum period within which to hold the first Annual General Meeting.
(2 Marks)
ii. The interval between one general meeting and the next.
(1 Mark)
iii. The period for which the Corporate Affairs Commission may extend the holding of an Annual General Meeting.
(1 Mark)
iv. FOUR of the Ordinary Businesses that the company must carry out.
(4 Marks)
v. Any other meeting that the company must hold urgently and the time line.
(2 Marks)
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