Post Utme Lautech 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Lautech Commerce examination.

Post Utme Lautech 2023 Commerce Objective / Multiple Choice
Question 22 POST_UTME_LAUTECH • 2023 • COMMERCE • objective

A company's articles of association state that the company must hold an annual general meeting (AGM) within 15 months of its incorporation. If the company is incorporated on January 1st and the AGM is held on June 15th, is the company in compliance with its articles of association?

Answer Options

A. Yes, the company is in compliance.
Correct Answer B. No, the company is not in compliance.
C. The company is in compliance, but the AGM should be held within 12 months.
D. The company is not in compliance, but the AGM should be held within 18 months.
Correct Answer
B
Correct Option:
No, the company is not in compliance.

About This Question

This is Post Utme Lautech 2023 Commerce Question 22. It is one of the objective questions from the 2023 Post Utme Lautech Commerce examination.

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