Corporate and Other LawsMCQQuestion 12550 of 300
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Under Section 96(1) of the Companies Act, 2013, what is the maximum permissible gap between two consecutive Annual General Meetings?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option D — Not more than 15 months

All Options:

  • ANot more than 6 months
  • BNot more than 18 months
  • CNot more than 12 months
  • DNot more than 15 months ✓

Detailed Solution & Explanation

Correct Answer: Option **D** (Not more than 15 months) **Statutory Provision (Section 96 - Annual General Meeting (AGM)):** Section 96(1) provides that not more than fifteen months shall elapse between the date of one annual general meeting and that of the next. Therefore, Option D is the correct legal position.

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Explain the concept of differential rights and its significance in the context of buyback of securities.

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