- 10 Marks
BCL – May 2020 – L2 – Q3a – Company Meetings and Resolutions
Explain what constitutes the ordinary business of an AGM and the procedure for private liquidation.
Question
On 26th February 2018, Gold Link Limited, a public limited liability company trading on the Ghana Stock Exchange sent a notice to its shareholders inviting them to an Annual General Meeting (AGM) on 2nd March 2019. The notice simply states that the ‘purpose is to transact the ordinary business’. Namoale is a shareholder of Gold Link Limited and is very disturbed about the vagueness of the notice. He is also not satisfied with the performance of the company and is seeking to requisition for a special resolution to liquidate the company.
Required:
i) Explain to Namoale, what constitutes ‘the ordinary business of an annual general meeting’ and state TWO (2) other information, Namoale must see in the notice for an AGM.
(5 marks)
ii) Advise Namoale on the procedure for private liquidation.
(5 marks)
Find Related Questions by Tags, levels, etc.
