ExpertEasy2 marksMultiple Choice
ACCA · Question 22 · Corporate and Business Law
Which type of company is legally required to hold an Annual General Meeting (AGM)?
Which type of company is legally required to hold an Annual General Meeting (AGM)?
Answer options:
A.
Private limited companies (Ltds) only.
B.
Public limited companies (plcs) only.
C.
Both private and public limited companies.
D.
Neither; AGMs are entirely voluntary for all companies.
How to approach this question
Distinguish between the meeting requirements for private vs public companies.
Full Answer
B.Public limited companies (plcs) only.✓ Correct
Under the Companies Act 2006, the requirement to hold an Annual General Meeting (AGM) was abolished for private companies. However, public companies (plcs) must still hold an AGM within six months of their accounting reference date.
Common mistakes
Assuming all companies must hold an AGM.
Practice the full ACCA LW — Corporate and Business Law Practice Exam 1
60 questions · hints · full answers · grading
More questions from this exam
Q01Which of the following courts is bound by the decisions of the Court of Appeal (Civil Division)?EasyQ02In the context of statutory interpretation, what is the 'mischief rule'?MediumQ03Which of the following statements regarding the Human Rights Act 1998 is correct?MediumQ04A shop displays a laptop in its window with a price tag of £50. The actual price is £500. A custo...EasyQ05Which of the following represents a valid exception to the rule that past consideration is no con...Medium