Q.What is the maximum permissible gap between two consecutive Annual General Meetings of a company under Section 96 of the Companies Act, 2013?
(A) 6 months
(B) 9 months
(C) 12 months
(D) 15 months

Section 96 separately fixes the deadline for holding each AGM after the financial year closes AND a maximum overall gap between two consecutive AGMs, and the two numbers are not the same.

This question checks whether a student can distinguish the several different time limits Section 96 lays down for AGMs.

(A) 6 months — incorrect as the answer to this specific question, though this is a genuine Section 96 figure — it is the deadline for holding a subsequent AGM from the close of that financial year, not the maximum permissible gap between two AGMs.

(B) 9 months — incorrect. This is the deadline for holding only the company's very first AGM, measured from the close of its first financial year, not the gap between two AGMs.

(C) 12 months — incorrect. This figure does not correspond to any of the specific time limits Section 96 prescribes. …

Students frequently confuse the '6 months from financial year-end' deadline (for holding a subsequent AGM) with the '15 months gap between two AGMs' rule — these are two distinct l …