An 'Extraordinary General Meeting' Is

question 41

Multiple Choice

An 'extraordinary general meeting' is:

• A)A general meeting that is held bi-annually.
• B)A general meeting that is held annually.
• C)A general meeting that is called to pass a particular resolution or resolutions.
• D)A general meeting in which it is resolved that the company ought to be wound up.

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Definitions:

Nontaxable

Describes income or transactions that are not subject to income tax by law or specific exemption.

Fully Taxable

Income that is subject to tax at the regular rates without any deductions or exemptions.

Coverdell Education Savings Account

A tax-advantaged investment account in the United States designed to encourage savings to cover future education expenses.

Beneficiary

An individual or entity designated to receive benefits from an insurance policy, retirement plan, will, or trust after the policyholder's or owner's death.