AGM – NBC Institute

BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements

Legal requirements for holding an AGM and consequences of non-compliance.

Question

Yaw Perbi, the CEO of your company, is preparing for a top management meeting scheduled for 1 December 2023. One of the issues to be discussed is the mode of holding the next shareholders’ meeting. There are views that the Annual General Meeting (AGM) must be in-person so that members can vote on resolutions to be passed. Others believe that the AGM should be virtual or hybrid. Some shareholders believe that the items on the agenda are too many and that they would need two days to have a meaningful discussion. Kwasi Mensa, a shareholder, has decided not to attend the AGM if it is organised virtually.

Required:

a) Explain the following to your boss:

i) The requirement of the Companies Act, 2019 (Act 992) on the interval between which AGMs are to be held.

ii) THREE things that should be covered in the notice for an AGM.

iii) TWO consequences of not holding an AGM in accordance with the Companies Act.

iv) Justify whether or not decisions taken at the AGM will be binding on Kwasi Mensa.

Answer

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Tags: AGM, Companies Act, Corporate Governance, Meeting Notice, Shareholder Rights
Level: Level 1

Topic: Company Meetings and Resolutions
Series: Nov 2024

BL – May 2012 – L1 – SA – Q9 – Company Law

Identify the meeting a company must hold within 18 months of incorporation.

Question

The meeting which a new company may hold within eighteen months after its incorporation is known as:

Answer

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Tags: AGM, Business Law, Corporate Governance
Level: Level 1

Series: MAY 2012

BL – Nov 2012 – L1 – SB – Q5 – Company Law

Comment on the validity of an annual general meeting notice.

Question

Lewis Adey, as company secretary, sends a notice of meeting dated 2 March to members for an Annual General Meeting scheduled for 30 March. The notices were sent out by Lewis on 12 March.

Required:
a. Comment on the validity of the notice. (7 Marks)
b. Explain TWO situations in which a general meeting of a company shall be deemed duly called notwithstanding that it is called by a shorter notice. (4 Marks)
c. Explain briefly TWO businesses which a notice for a company’s annual general meeting must specify. (4 Marks)

Answer

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Tags: AGM, Company Law, Notice Validity
Level: Level 1

Topic: Company Law
Series: NOV 2012

BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

Question

Meetings of incorporated companies are for diverse purposes.
State the THREE types of company meetings.
(Total 3 Marks)

Answer

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Tags: AGM, Company Law, EGM, Meetings
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – Nov 2014 – L1 – SB – Q2b – Company Law

Explain a type of resolution, state the quorum, and list ordinary business items at an AGM.

Question

Decisions at company meetings are taken by resolutions.

You are required to:
i. Explain briefly ONE type of such resolutions.
(4 Marks)

ii. State the quorum at a company meeting and who may convene an Extra-Ordinary General Meeting.
(2 Marks)

iii. List THREE issues that are considered ordinary businesses at the Annual General Meeting (AGM).
(3 Marks)

Answer

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Tags: AGM, Company Meetings, EGM, Quorum, Resolutions
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – May 2024 – L1 – SA – Q2 – Company Law

Identifying which type of company is exempted from holding an Annual General Meeting (AGM).

Question

Which of the following is NOT required to hold an Annual General Meeting?
A. A one-member company
B. A micro company
C. A private company
D. A municipal company
E. An unlimited liability company

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Corporate Law, Exemption Rules
Level: Level 1

Topic: Contract Law
Series: MAY 2024

BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions

Provide clarification on the terms "Annual General Meeting" and "Annual Returns" as used in company meetings.

Question

You have just completed level one of the ICAG Professional Examination and have been engaged by AB Daniels Ltd as an Administrative Assistant. The minutes of the previous meeting, a revised regulation, as well as notice for the next annual general meeting to be held on Tuesday 11th December 2018 had been distributed. A Board Member who recommended your appointment has called you to assist him to clarify certain terms in the meeting documents circulated.

Required:
Write short notes on the following:

i) Annual General Meeting (6 marks)
ii) Annual Returns (5 marks)

Answer

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Tags: AGM, Annual General Meeting, Annual Returns, Company Law, Corporate Compliance
Level: Level 1

Topic: Company Meetings and Resolutions
Series: NOV 2018

BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements

Legal requirements for holding an AGM and consequences of non-compliance.

Question

Required:

a) Explain the following to your boss:

i) The requirement of the Companies Act, 2019 (Act 992) on the interval between which AGMs are to be held.

ii) THREE things that should be covered in the notice for an AGM.

iii) TWO consequences of not holding an AGM in accordance with the Companies Act.

iv) Justify whether or not decisions taken at the AGM will be binding on Kwasi Mensa.

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Companies Act, Corporate Governance, Meeting Notice, Shareholder Rights
Level: Level 1

Topic: Company Meetings and Resolutions
Series: Nov 2024

BL – May 2012 – L1 – SA – Q9 – Company Law

Identify the meeting a company must hold within 18 months of incorporation.

Question

The meeting which a new company may hold within eighteen months after its incorporation is known as:

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Business Law, Corporate Governance
Level: Level 1

Series: MAY 2012

BL – Nov 2012 – L1 – SB – Q5 – Company Law

Comment on the validity of an annual general meeting notice.

Question

Lewis Adey, as company secretary, sends a notice of meeting dated 2 March to members for an Annual General Meeting scheduled for 30 March. The notices were sent out by Lewis on 12 March.

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Company Law, Notice Validity
Level: Level 1

Topic: Company Law
Series: NOV 2012

BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

Question

Meetings of incorporated companies are for diverse purposes.
State the THREE types of company meetings.
(Total 3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Company Law, EGM, Meetings
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – Nov 2014 – L1 – SB – Q2b – Company Law

Explain a type of resolution, state the quorum, and list ordinary business items at an AGM.

Question

Decisions at company meetings are taken by resolutions.

You are required to:
i. Explain briefly ONE type of such resolutions.
(4 Marks)

ii. State the quorum at a company meeting and who may convene an Extra-Ordinary General Meeting.
(2 Marks)

iii. List THREE issues that are considered ordinary businesses at the Annual General Meeting (AGM).
(3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Company Meetings, EGM, Quorum, Resolutions
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – May 2024 – L1 – SA – Q2 – Company Law

Identifying which type of company is exempted from holding an Annual General Meeting (AGM).

Question

Which of the following is NOT required to hold an Annual General Meeting?
A. A one-member company
B. A micro company
C. A private company
D. A municipal company
E. An unlimited liability company

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Corporate Law, Exemption Rules
Level: Level 1

Topic: Contract Law
Series: MAY 2024

BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions

Provide clarification on the terms "Annual General Meeting" and "Annual Returns" as used in company meetings.

Question

Required:
Write short notes on the following:

i) Annual General Meeting (6 marks)
ii) Annual Returns (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: AGM, Annual General Meeting, Annual Returns, Company Law, Corporate Compliance
Level: Level 1

Topic: Company Meetings and Resolutions
Series: NOV 2018

Question Tag: AGM

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BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements

Legal requirements for holding an AGM and consequences of non-compliance.

BL – May 2012 – L1 – SA – Q9 – Company Law

Identify the meeting a company must hold within 18 months of incorporation.

BL – Nov 2012 – L1 – SB – Q5 – Company Law

Comment on the validity of an annual general meeting notice.

BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

BL – Nov 2014 – L1 – SB – Q2b – Company Law

Explain a type of resolution, state the quorum, and list ordinary business items at an AGM.

BL – May 2024 – L1 – SA – Q2 – Company Law

Identifying which type of company is exempted from holding an Annual General Meeting (AGM).

BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions

Provide clarification on the terms "Annual General Meeting" and "Annual Returns" as used in company meetings.

BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements

Legal requirements for holding an AGM and consequences of non-compliance.

BL – May 2012 – L1 – SA – Q9 – Company Law

Identify the meeting a company must hold within 18 months of incorporation.

BL – Nov 2012 – L1 – SB – Q5 – Company Law

Comment on the validity of an annual general meeting notice.

BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

BL – Nov 2014 – L1 – SB – Q2b – Company Law

Explain a type of resolution, state the quorum, and list ordinary business items at an AGM.

BL – May 2024 – L1 – SA – Q2 – Company Law

Identifying which type of company is exempted from holding an Annual General Meeting (AGM).

BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions

Provide clarification on the terms "Annual General Meeting" and "Annual Returns" as used in company meetings.

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Question Tag: AGM

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BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements

Legal requirements for holding an AGM and consequences of non-compliance.

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BL – May 2012 – L1 – SA – Q9 – Company Law

Identify the meeting a company must hold within 18 months of incorporation.

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BL – Nov 2012 – L1 – SB – Q5 – Company Law

Comment on the validity of an annual general meeting notice.

You're reporting an error for "BL – Nov 2012 – L1 – SB – Q5 – Company Law"

BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q3c – Company Law"

BL – Nov 2014 – L1 – SB – Q2b – Company Law

Explain a type of resolution, state the quorum, and list ordinary business items at an AGM.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q2b – Company Law"

BL – May 2024 – L1 – SA – Q2 – Company Law

Identifying which type of company is exempted from holding an Annual General Meeting (AGM).

You're reporting an error for "BL – May 2024 – L1 – SA – Q2 – Company Law"

BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions

Provide clarification on the terms "Annual General Meeting" and "Annual Returns" as used in company meetings.

You're reporting an error for "BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions"

BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements

Legal requirements for holding an AGM and consequences of non-compliance.

You're reporting an error for "BCL – Nov 2024 – L1 – Q5a – Annual General Meeting (AGM) Requirements"

BL – May 2012 – L1 – SA – Q9 – Company Law

Identify the meeting a company must hold within 18 months of incorporation.

You're reporting an error for "BL – May 2012 – L1 – SA – Q9 – Company Law"

BL – Nov 2012 – L1 – SB – Q5 – Company Law

Comment on the validity of an annual general meeting notice.

You're reporting an error for "BL – Nov 2012 – L1 – SB – Q5 – Company Law"

BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q3c – Company Law"

BL – Nov 2014 – L1 – SB – Q2b – Company Law

Explain a type of resolution, state the quorum, and list ordinary business items at an AGM.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q2b – Company Law"

BL – May 2024 – L1 – SA – Q2 – Company Law

Identifying which type of company is exempted from holding an Annual General Meeting (AGM).

You're reporting an error for "BL – May 2024 – L1 – SA – Q2 – Company Law"

BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions

Provide clarification on the terms "Annual General Meeting" and "Annual Returns" as used in company meetings.

You're reporting an error for "BCL – Nov 2018 – L1 – Q6b – Company Meetings and Resolutions"

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