Which type of company is legally required to hold an Annual General Meeting (AGM)?

Answer options:

Private limited companies (Ltds) only.

Public limited companies (plcs) only.

Both private and public limited companies.

Neither; AGMs are entirely voluntary for all companies.

How to approach this question

Distinguish between the meeting requirements for private vs public companies.

Full Answer

B.Public limited companies (plcs) only.✓ Correct

Under the Companies Act 2006, the requirement to hold an Annual General Meeting (AGM) was abolished for private companies. However, public companies (plcs) must still hold an AGM within six months of their accounting reference date.

Common mistakes

Assuming all companies must hold an AGM.

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Practice the full ACCA LW — Corporate and Business Law Practice Exam 1

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Which type of company is legally required to hold an Annual General Meeting (AGM)?

How to approach this question

Full Answer

Common mistakes

Practice the full ACCA LW — Corporate and Business Law Practice Exam 1

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