Which of the following types of businesses are ordinarily carried out at annual general meeting of a company?
X. To declare dividend
Y. To recommend dividend
Z. To appoint the auditors
W. To make calls on shares
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X and Y
-
X and Z
-
X, Z and W
-
X, Y, Z and W
B
Correct answer
Explanation
As per the Companies Act, 2013, all other businesses can be transacted at an Annual General Meeting except the following:
(i) Consideration of financial statements and the reports of Board of Directors and auditors
(ii) Declaration of any dividend
(iii) Appointment of directors in place of those retiring
(iv) Appointment and fixing of the remuneration of auditors