what is annual general meeting? explain the objectives of AGM, legal formalities of a annual general meeting?
Answers
Answer:
heya!!
Explanation:
The main purpose of an AGM is to comply with legal requirements, such as the presentation and approval of the audited accounts, election of directors, and appointment of auditors for the new accounting term.
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The annual general meeting is a compulsory yearly meeting held to gather the company's shareholders.
Explanation:
Objective: The objective of the AGM is to provide the time for discussion of the functioning of the company. It is done to protect the rights of the interests and to discuss the matters related to the conduct of the event or affairs related to the company.
Legal formalities: In accordance with the company act, the annual general meeting should be held every year. There should not be a gap of more than 15 months between the two held AGM.
Learn more about annual general meeting:
What are the duties of secretary before and after annual general meeting ...: https://brainly.in/question/7928480
Example of minute of an annual general meeting of a company: https://brainly.in/question/10619507