BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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directors
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secretaries
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bosses
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clerks
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Detailed explanation-1: -At least 4 times in a year. Maximum gap between 2 meetings should not be more than 120 days. Every director is required to attend at least 1 meeting in a year.
Detailed explanation-2: -Once an AGM notice had been issued, the meeting must take place, even if you believe that you may not reach your quorum; members do not have to confirm their attendance in advance so the meeting must always go ahead. The quorum for the AGM should be 12 members.
Detailed explanation-3: -As per Companies Act, an annual general meeting must be held by every company once a year without fail. There cannot be a gap of more than 15 months between two AGMs.
Detailed explanation-4: -Quorum for the Board Meeting According to Section 174 of Companies Act, 2013, the minimum number of members of the board required for a meeting is 1/3rd of a total number of directors. At any rate, a minimum of two directors must be present.