Homework answers / question archive / ABC Bhd  was incorporated on 18th May 2016, and is entitled to commence business and carry out its borrowing powers on 15th June 2016

ABC Bhd  was incorporated on 18th May 2016, and is entitled to commence business and carry out its borrowing powers on 15th June 2016

Accounting

Share With

ABC Bhd  was incorporated on 18th May 2016, and is entitled to commence business
and carry out its borrowing powers on 15th June 2016. During the company’s first
board of directors meeting held on 30th June 2016, it was resolved to fix the
company’s financial year end on 30 June. The first financial year end was on 30 June
2017. Advise the provision under Companies Act 2016 with regard to holding annual
general meetings of a public company.