Under section 96(1) of the Companies Act, 2013, which of the following companies is NOT required to…
Section 96(1) of the Companies Act, 2013 requires every company other than a One Person Company to hold, in each year, a general meeting as its annual general meeting in…
Choose your answer
Under section 96(1) of the Companies Act, 2013, which of the following companies is NOT required to hold an annual general meeting?
Answer and explanation
Correct answer C
Section 96(1) of the Companies Act, 2013 requires every company other than a One Person Company to hold, in each year, a general meeting as its annual general meeting in addition to any other meetings. Small companies, private companies and listed public companies have no such exemption, so only "A One Person Company" is excluded. The 2013 Act also does not require the statutory meeting that a public company formerly had to hold as its first meeting of shareholders (s.165 of the Companies Act, 1956).
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