How many meetings of the shareholders of a company in a year are essential?
Section 166 of the Companies Act, 1956 required every company to hold one annual general meeting of its members in each year, so the answer is "1". Four meetings a year…
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How many meetings of the shareholders of a company in a year are essential?
Answer and explanation
Correct answer D
Section 166 of the Companies Act, 1956 required every company to hold one annual general meeting of its members in each year, so the answer is "1". Four meetings a year relates to board meetings, not to meetings of shareholders.
Current law: Section 96 of the Companies Act, 2013 likewise requires an annual general meeting each year for companies other than a One Person Company.
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