[amp_mcq option1=”Statutory Meeting” option2=”Annual General Meeting” option3=”Extraordinary General Meeting” option4=”Joint Meeting of the Shareholders and Debentureholders” correct=”option2″]<\/p>\n
The correct answer is B. Annual General Meeting<\/strong>.<\/p>\n A statutory meeting is a meeting that must be held by a company within 18 months of its incorporation. The purpose of the meeting is to elect the first directors of the company and to appoint the first auditors.<\/p>\n An extraordinary general meeting is a meeting that is called by the directors of a company to discuss matters that are not urgent or that cannot wait until the next annual general meeting.<\/p>\n A joint meeting of the shareholders and debentureholders is a meeting that is called to discuss matters that affect both shareholders and debentureholders.<\/p>\n Declaration of dividend is an important item of the agenda of the annual general meeting because it is a way for the company to return some of its profits to its shareholders. The board of directors of the company will usually recommend a dividend amount to the shareholders at the annual general meeting, and the shareholders will then vote on whether to approve the dividend. If the dividend is approved, the company will pay it out to the shareholders on a date that is specified by the board of directors.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Statutory Meeting” option2=”Annual General Meeting” option3=”Extraordinary General Meeting” option4=”Joint Meeting of the Shareholders and Debentureholders” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34606","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"\n