BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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officers
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shareholders
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workers
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clerks
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Detailed explanation-1: -An AGM meeting is a formal gathering where company shareholders make important decisions regarding a company’s functioning. Investors and board members review the company’s performance over the past year and set goals for the coming year. Shareholders can ask questions about the overall health of the business.
Detailed explanation-2: -First AGM should be held within nine months from the end of the first financial year. However, in any other case, the AGM should be held within six months from the end of the financial year and the gap between AGMs of 2 consecutive years shall not be more than 15 months.
Detailed explanation-3: -Many shareholders in this category are busy professionals who, despite being active investors, do not have the time to attend AGM’s. Further, depending on where they reside, it may not be realistic to travel for attending the AGM.
Detailed explanation-4: -The notice of the Annual General Meeting should be placed on the website of the company or any other website as may be mentioned by the Government. An Annual General Meeting can be called at a notice period shorter than 21 days if at least 95% of the members entitled to vote in the meeting agree to the shorter notice.