Question
Annual General Meeting (AGM)

Answer

Meeting of equity shareholders which are held once every year is called AGM. It is held to review and discuss the progress made by the company during the financial year. It is held to take decisions like:
  • to adopt Annual a/c, Director’s Report, and Auditor’s Report
  • to declare dividend
  • to elect directors
  • to appoint auditors and fix their remuneration.

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