Q.What is Quorum?

A Committees Meeting is NOT a Shareholders' Meeting — option (d).

Company meetings are broadly grouped as meetings of shareholders (members), meetings of directors, and other meetings. Shareholders' meetings include:

• Statutory Meeting
• Annual General Meeting (AGM)
• Extraordinary General Meeting (EGM) …

The first Annual General Meeting of a company must be held within eighteen months from the date of incorporation, so the answer is (a) Eighteen.

The Annual General Meeting (AGM) is a meeting of the members held once every year to transact ordinary business such as adopting accounts, declaring dividend, appointing directors and auditors. To give a newly registered company time to complete its first year of operations, a longer period is allowed for the first AGM: as stated in the Tamil Nadu HSC Commerce syllabus, the **first AGM must be conducted within eighteen month …

The statutory meeting is the only meeting held once in a company's lifetime, so the answer is (b).

Companies hold different kinds of meetings. The statutory meeting is a general meeting of members held only once, shortly after the company begins business, so that members can be informed about the formation, allotment of shares and financial position of the company. Because it happens only after formation, it is held just once in the company's whole life.

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